International

Police, lawyers at each other’s throat See on Page 8

No compromise on sovereignty: Sharif See on Page 8

White House sees no Army rule in Pakistan See on Page 8

Crude Oil (brent)$/bbl 83.75

Crude Oil (WTI)$/bbl 81.58

Cotton $/lb 98.02

Gold $/ozs 1,317.80

Silver $/ozs 22.06

Malaysian Palm $ 886.00

GOLD (NCEL) PKR 36,466

KHI Cotton 40Kg PKR 7,555

Yearly(Jul, 2010 up to 30-Sep-2010)

Monthly(Sep, 2010 up to 30-Sep- 2010)

Daily (30-Sep-2010)

Total Portfolio Invest (23 Sep-2010)

49.23

-36.65

3.73

2311

2.17

-2.88

0.67

1.01

-0.50

-0.38

-0.10

SCRA(U.S $ in million)

Portfolio Investment

FIPI (01-Oct-2010)

Local Companies (01-Oct-2010)

Banks / DFI (01-Oct-2010)

Mutual Funds (01-Oct-2010)

NBFC (01-Oct-2010)

Local Investors (01-Oct-2010)

Other Organization (01-Oct-2010)

(U.S $ in million)

NCCPL

GDR update

Commodities

Forex Reserves (24-Sep-10)

Inflation CPI% (Jul 10-Aug 10)

Exports (Jul 10-Aug 10)

Imports (Jul 10-Aug 10)

Trade Balance (Jul 10-Aug 10)

Current A/C (Jul 10- Aug10)

Remittances (Jul 10-Aug 10)

Foreign Invest (Jul 10-Aug10)

Revenue (Jul 10-Aug10)

Foreign Debt (Jun 10)

Domestic Debt (Jul 10)

Repatriated Profit (Jul- Aug 10)

LSM Growth (Jul 10)

GDP Growth FY10EPer Capita Income FY10Population

$16.79bn

12.79%

$3.56bn

$6.25bn

$(2.69)bn

$(944)mn

$1.72bn

$267.10mn

Rs 185bn

$55.63bn

Rs 4705.40bn

$100.90mn

3.05%

4.10%

$1,051

170.69mn

Economic Indicators

Symbols

MCB (1 GDR= 2 Shares)

OGDC (1 GDR= 10 Shares)

UBL (1 GDR= 4 Shares)

LUCK (1 GDR= 4 Shares)

HUBC (1 GDR= 25 Shares)

$.Price

2.60

17.31

2.00

1.70

9.57

PKR/Shares

112.01

149.14

43.08

36.62

32.98

T-Bills (3 Mths)

T-Bills (6 Mths)

T-Bills (12 Mths)

Discount Rate

Kibor (1 Mth)

Kibor (3 Mths)

Kibor (6 Mths)

Kibor ( 9 Mths)

Kibor (1Yr)

P.I.B ( 3 Yrs)

P.I.B (5 Yrs)

P.I.B (10 Yrs)

P.I.B (15 Yrs)

P.I.B (20 Yrs)

P.I.B (30 Yrs)

22-Sep-2010

22-Sep-2010

22-Sep-2010

29-Sep-2010

01-Oct-2010

01-Oct-2010

01-Oct-2010

01-Oct-2010

01-Oct-2010

01-Oct-2010

01-Oct-2010

01-Oct-2010

01-Oct-2010

01-Oct-2010

01-Oct-2010

12.69%

12.82%

12.79%

13.50%

12.80%

13.07%

13.23%

13.62%

13.73%

13.85%

13.91%

14.00%

14.23%

14.21%

14.40%

Money Market Update

Symbols Buy (Rs) Sell (Rs)

Australian $ 82.80 83.80

Canadian $ 82.80 83.80

Danish Krone 15.00 15.40

Euro 116.90 118.10

Hong Kong $ 11.00 11.40

Japanese Yen 1.019 1.045

Saudi Riyal 22.95 23.15

Singapore $ 65.00 66.00

Swedish Korona 12.10 12.60

Swiss Franc 84.90 85.90

U.A.E Dirham 23.45 23.65

UK Pound 135.40 137.10

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Open Mkt Currency Rates

Index Close Change

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Global Indices

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TT Clean TT & OD

Australian $ 83.48 83.67

Canadian $ 83.73 83.92

Danish Krone 15.79 15.82

Euro 117.66 117.94

Hong Kong $ 11.10 11.13

Japanese Yen 1.032 1.035

Saudi Riyal 22.97 23.02

Singapore $ 65.51 65.66

Swedish Korona 12.81 12.84

Swiss Franc 87.94 88.14

U.A.E Dirham 23.46 23.51

UK Pound 135.51 135.83

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MUZAFFARGARH: Prime Minister Yousuf Raza Gilani distributingWatan Cards to the flood affectees in Kot Addu.-APP

Karachi, Sunday, October 3, 2010, Shawwal 23, Price Rs12 Pages 8

Commonwealth Gameskicks off today

KOT ADDU: Prime MinisterSyed Yousuf Raza Gilani saidSaturday political parties mighthave different perspectivesfrom each other but they wereunited to mitigate the sufferingsof flood-hit people.

Prime Minister expressedthese views while addressing aceremony for distribution ofWatan Cards among flood hitpeople at Kot Addu tehsil ofMuzaffargarh district, the sec-ond city in south Punjab thatwas submerged by furiousfloods after Daira Deen Panahlast August. Punjab ChiefMinister Mian MuhammadShahbaz Sharif was also pres-ent.

He said that winter was

approaching fast and appealedto the philanthropists and NGOsto donate tents for flood-hitpeople to save them againstsever cold weather.

He said the governmentwould not sit idle till distribu-tion of Rs20,000 assistanceamong affected familiesthrough Watan Cards and addedthat it would be enhanced up toRs100,000.

Repair and reconstruction ofdemolished houses may take amonth or two and people willcertainly need temporary shelterduring the winter season, thePM observed.

He pledged all possible sup-port to flood affected peopleand added that resources would

be made available to the provin-cial governments for onwarddistribution among theaffectees.

"We are making efforts jointlyto serve flood-hit people," thePM said. He specifically laudedservices of Chief Minister MianMuhammad Shahbaz Sharif forflood-hit people and alsothanked workers of all parties,office-bearers, MNAs, MPAs,ministers and advisors for theircontribution.

"Our ideologies may be dif-ferent but we are united to miti-gate the suffering of poor anddeprived flood affected people."

"It is the beauty of our recon-ciliation policy that slogans are

See # 14 Page 7

Parties united tohelp affected: PM

Gilani distributes Watan Cards in Kot Addu

ISLAMABAD: Pakistanshould stick to IMF reforms inorder to secure enough financialsupport to rebuild after devas-tating summer floods and sta-bilise its economy, the AsianDevelopment Bank (ADB) said.

Pakistan is reeling fromfloods, which made more than10 million people homeless,ripped apart infrastructure anddamaged or destroyed cropsover an area of 2.4 millionhectares. More than 1,750 peo-ple were killed.

Heavy financial support wascritical for Pakistan long beforeone of the country's worst natu-ral disasters struck. AnInternational Monetary Fund(IMF) reform package agreedin 2008 had helped keep theeconomy afloat.

Although pressure onPakistan eased after the IMFapproved a $451 million emer-

gency fund to help it rebuildafter the floods, the ADB saiddelaying reforms would onlyhurt the country.

"What Pakistan should nothave a problem with is continu-ing with the reform agenda. Iam sure actually (this would)underpin a lot of donor supportfor not only the floods but forthe stabilisation of the econo-my," said Juan Miranda, ADB'sdirector general for its Central

and West Asia department."We must continue with the

reforms. This is our position.That's the way in which youcan help people in the longerrun."

"We still have a programmewith the IMF, and that is notsomething that you stop andthen you start again. The econ-omy will benefit by a continua-tion of the reforms. It's not a

See # 13 Page 7

Stick to reforms,ADB tells Pak

ISLAMABAD: General AshfaqParvez Kayani has handed overa list of corrupt or allegedlyincompetent ministers toPresident Asif Ali Zardari,demanding their removal, aBritish newspaper has reported.

Quoting western and Pakistaniofficials, daily 'The Guardian'reported that the tensionbetween Pakistan's civilian andmilitary leaders is the latestpolitical fallout from historicfloods that have triggered strin-gent criticism of the govern-

ment's handling of the crisis."Much of the controversy

centres on Zardari, whobrought scorn on himself byvisiting a family chateau inFrance as the floods gatheredpace in August - a move advis-ers admit was a public relationsdisaster," says the report byDeclan Walsh.

According to the daily, seniorwestern official confirmedreports that the army chief hadasked the president to removenamed loyalists from his 60-

member cabinet as part of aninternal reform process. Theofficial did not give the request-ed names.

Analysts said the army stancereflected a broader public impa-tience with the government'sperformance. An opinion polltaken last July gave Zardari a 20per cent popularity rating.

The daily says over the pastweek the country's politicalclasses have been seized by awave of rumours about an armyintervention in politics, ranging

from the installation of aBangladesh-style technocraticgovernment, to the removal ofZardari, to a straightforwardcoup.

A close Zardari aide deniedthat the army was pressuring thegovernment.

"It's absolute rubbish. This is arumour-driven crisis, driven bythose with a pathological hatredof president Zardari and thePPP. They have been predictinghis downfall from the day hewas elected. And they have been

wrong," he said.The report says Zardari's woes

are complicated by the hostilityhe faces from Chief JusticeIftikhar Muhammad Chaudhry.Few see it as a coincidence thatthe Supreme Court this weekresurrected its efforts to haveSwiss authorities prosecuteZardari on corruption charges.

"Talk of a coup, however,seems unlikely. The army is stillsmarting from the damage to itsreputation caused by the rule ofGeneral Pervez Musharraf, who

is now plotting a political come-back," it adds.

And there is little appetite forunconstitutional change fromBritish and US officials. Twosenior diplomats said that,flawed as the Zardari govern-ment was, the preferred courseof action was for the presentgovernment to see out its five-year term. It has so far servedtwo and a half years.

"That's the only way to bringlong-term stability," said oneofficial. -Online

Kayani wants removal of corrupt ministers

WASHINGTON: Pakistan'sambassador to US HussainHaqqani said despite decliningpopularity of President Zardarithere is no chance of anothermilitary coup in the country.

In an interview with a US TVchannel, Haqqani said thatPresident Asif Ali Zardaridespite his declining popularityamong the masses has beencontinuing efforts to makeimprovements, adding that inlast 60 years, the country haswitnessed four militarytakeovers but now everyonehas learned lessons from suchdictatorial adventures.

He said Pakistan aimed atpeace and stability inAfghanistan and supportingreconciliation efforts to restorestability in Afghanistan.

Pakistan aims peaceful settle-ments with India on all the con-fronting issues between both theneighboring countries including

Kashmir and wanted meaning-ful dialogues between both thecountries, Haqqani said.

Pakistan's ambassador toAmerica also pointed out thatpeople in Pakistan were notsatisfied with American poli-cies and strategies in the regionas no doubt America providedassistance to Pakistan but did-n't provide its stance before themasses in Pakistan.

Responding to a query, hesaid that supply line of Natoforces from Pakistan toAfghanistan has been halteddue to possible public reac-tion against incursion of Natoattack inside Pakistani territo-ry and martyrdom of Pakistanimilitary men adding thatTorkham border has beenclosed after violation fromNato helicopters and in thesecircumstances if the supplyline is restored, it might createsecurity problems. -Online

Haqqani snubschances of coup

Zardari’s popularity declining

ISLAMABAD/ KABUL:Nato accepting Pakistan ArmyChief General Ashfaq PervezKayani's demand has started ajoint investigation into the bor-der incursions that killed threePakistani soldiers last week.

The investigation team led byofficials of the Pakistan armyhas reached Kabul to thiseffect.

The three Pakistani troopswere killed in an early morningraid on Thursday when Natochoppers fired at a Pakistanimilitary post 200 metres insidethe border in Kurram Agency.

According to defensesources, Army chief raised theissue of repeated border incur-sions by the Nato troops withthe senior US and NATO offi-cials and stressed for actionagainst the responsible and

probe into the incident. Theteam would also consist ofNATO and US officials.

See # 7 Page 7

Joint probe intoattacks launched

Killing of Pak soldiers by Nato choppers

Monitoring Desk

BIRMINGHAM: Formerpresident Pervez Musharrafaddressing a gathering hereSaturday called Nawaz Sharif‘totally brainless’.

He said Sharif got electedtwice but both the times hecompletely failed to deliver.

Meanwhile Musharraf hassaid Pakistan needs new pol-itics and fresh political cul-ture, which will help eradi-cate decades long failed pol-itics from Pakistan, media

reported.In a televised interview in

US, Musharraf admitted that hemade grave mistakes at the endof his tenure including encoun-tering with judiciary and impo-sition of emergency in civilsociety.

US support is never appreci-ated in Pakistan, therefore Ihave not sought it as yet, hereplied to a question, addingthat Pakistan army is betterencountering than US-ledallied forces.

See # 8 Page 7

Musharraf callsSharif headless

Drone attacks kill 18 in

NWAMIRANSHAH: Two USdrone attacks killed 18 mili-tants in Pakistan on Saturday,intelligence officials said, afterrecent Nato incursions raisedtensions with an allyWashington needs in efforts tostabilise Afghanistan.

The United States haswidened pilotless drone aircraftmissile strikes against alQaeda-linked militants inPakistan's northwest, with 21attacks in September alone, thehighest number in a singlemonth on record.

On Saturday, two droneattacks within hours of eachother killed 18 militants inDatta Khel town in NorthWaziristan tribal region alongthe Afghan border, intelligenceofficials said.

"In the first attack two mis-siles were fired at a house whilein the second attack four mis-siles targeted a house and a

See # 10 Page 7

President, PM condemns

Swat varsityVC gunned

downMARDAN: Renowned Islamicscholar Dr Farooq Khan ViceChancellor of Swat IslamicUniversity was killed in firingincident in Mardan, a private tel-evision channel reportedSaturday.

While quoting the police, thereport said that Dr Farooq wascoming out of his clinic located

See # 9 Page 7

Nato suppliesremainblocked

PESHAWAR: A blockade ofthe main land route for Natosupplies from Pakistan intoAfghanistan continuedSaturday as queues of trucksand tankers formed at the bor-der crossing, officials said.

Pakistan halted the convoyson Thursday after officialsblamed cross-border Nato heli-copter fire for the deaths ofthree Pakistani soldiers.

See # 6 Page 7

Uncertainty loomsover IMF next tranche

Monitoring DeskKARACHI: Uncertainty looms over the fate of next tranche ofInternational Monetary Fund (IMF) as its Director to Pakistan PaulRoss Saturday emphasised Islamabad to complete its economicreview in time in order to qualify for the next tranche.

According to the media sources, Fund Director Paul Ross metofficial of Finance Ministry and See # 12 Page 7

Presidential Pardon

SC returnsgovt plea

ISLAMABAD: The SupremeCourt of Pakistan returned withobjections a petition filed by theLaw Ministry regarding presi-dential powers to issue pardon,media reports Saturday.

Earlier Saturday, the LawMinistry has filed a plea in theapex court stating that the sen-tences waived by the Presidentcould not be restored by courtsas head of the state enjoysauthority to grant presidentialpardon under article 45 of theConstitution.

See # 11 Page 7

IMF programme to benefit economy in long-run

COAS hands over list of incompetents MPAs to President Zardari

2 Sunday, October 3, 2010

TV PROGRAMMES

SUNDAY

Time Programmes7:00 News

8:00 News

9:05 Manzil (Rpt)

10:05 The Reema Show

(Rpt)

12:00 News

13:10 Faisla Aap Ka

(Rpt)

14:10 The Anchor (Rpt)

15:00 News

16:00 News

17:00 News

18:00 News

19:05 I Samaa

19:30 Mutasareen

20:05 The Reema Show

21:00 News

22:05 Tafteesh

23:03 Faisla Aap Ka

KARACHI: Interior Minister Sindh A Rehman Malik talking to SindhGovernor Dr Ishratul Ebad Khan during a meeting at Governor House. -APP

ISLAMABAD: Karamat Ullah Khan Chagharmatti, Speaker KP Assembly chairing a

high level meeting regarding resumption of Oil & Gas exploration work at Maramzai

Flow Line Project. Liaqat Shahab, Provintial Minister for Excise & Taxation, Ali

Murtaza, Political Advisor MOL Pakistan, Ahmad Nawaz, Director Operations MOL

Pakistan and Lt Col (Retd) Niaz Safdar, Manager Community Development MOL

Pakistan along with other dignitaries also attended the meeting.-PR

KARACHI: Sindh Chief Minister, Syed Qaim Ali Shah presides over meeting regardingPost Flood Development Strategy held at CM House in Karachi on Saturday. -PPI

Staff Correspondent

KARACHI: Port QasimAssociation (PQA) ofTrade and Industry strong-ly criticising the unilateraland illegal imposition ofproperty tax has termed itunethical and unlawful andas PQA copes under thedomain of Sindh and localGovernments havedemanded immediatewithdrawal of such taxes.

Meanwhile the sur-rounding area of Industriesis the possession of PortQasim which was allottedfor 50 year's for industries.Government has alsofailed to clear previousrefund tax, this was said ina meeting held at Aliindustries presided byMian Muhammad Ahmad,Founder President of BinQasim Association ofTrade & Industry

(BQATI).On this occasion

Member ManagingCommittee, Farhan Ansaritaking up the issue ofproperty tax by relevantdepartment and other gov-ernment agencies, briefedall members and associa-tion about the latest devel-opment since 2004.

All industries wereissued Challans the byDistrict officer propertytax division regarding levyof property tax anddemands were made forthe outstanding amount ofproperty tax, whichincluded arrears since2001. It was the first timesuch a demand wasreceived by industries ofthe area. Therefore no suchtax levied previously, val-uation of proprieties waseven not made and assess-ments were made on visu-

al survey with out conduc-tion physical inspectionand correct measurementsof covered area, and thebasis of assessment wasnot shared with assesses.

He informed to themember of associationthat property tax has beendone taken by industriesof Port Qasim Area is unlawful and illegal act without conducting a publichearing for inclusion of itsarea administered by theFederal Ministry of portsand shipping as ratingarea for levying of proper-ty tax. Its has been decid-ed that property tax cannot be levied on industriesentities as the landbelongs to PQA and it hasbeen allotted for specificperiod of 50 years and allthe industries are payingperipheral developmentcharges to PQA.

PQA criticisesrealty taxation

KARACHI: Leader ofbusiness community andformer President FPCCI,S M Munir has empha-sised the need that thegovernment must keepzero rated sectors farfrom Reformed GeneralSales Tax (RGST).

Speaking at launchingof Senator Abdul HaseebKhan's book "Pakistan KaHakim" (Rulers ofPakistan) at a simple cer-emony, he said that thepostponement of implica-tion of RGST for onemonth is a blessing in dis-guise and added that itprovided time to interactwith authorities to conveythem point of view ofbusiness community.

Referring to refund ofGST, he said that thechairman Federal Boardof Revenue (FBR) hashinted that GST will berefunded in just 24 hoursunder reformed GST sys-tem. Munir noted thatclaims of huge amount ofbusiness community have

already piled up withFBR and in spite of sever-al promises of releasing itremains with the FBR.

He advised PresidentFPCCI Sultan Chawala toapproach chairman FBRand invite him for dis-cussing the issue.Referring to the book, hesaid that it has well-described the 63 yearshistory of Pakistan andpointed out what variousrulers have done with thecountry during their rule.

He said that the bookhas noted both good andbad moves of the rulers ina way that the readers caneasily understand why thecountry has reached on itspresent state of mayhem.President FPCCI, SultanChawala said that in 200pages the writer hasdescribed the history ofPakistan without namingany leader but it gives acomplete picture of therulers and what they havedone with the country.

Senator Abdul Haseeb

Khan said that transgres-sion of the rulers hasdivided the country intotwo but they have no tearsin their eyes. He said thatPakistan was created forMuslim to have theirhomeland and live withpeace and tranquility butthe acts of our rulers havecreated animosity amongmasses.

He said it is irony thatthe country has popula-tion of more them 170million peoples out ofthem only 2.5m werepaying taxes. He said thatthe country facing seriousproblems includingindustries in crises,decline in exports andincrease in imports. Heopposed privatisation ofPIA and Pakistan SteelMill and suggested that aboard should be constitut-ed comprising honestpeople and the board bemade responsible toappoint management torun these units prof-itably.-Online

Reformed General Sales Tax postponed

Traders concernedfor zero-rated sectors

LAHORE: The UnitedStates has agreed to pro-vide $147.9 million toPunjab government to helpimprove public educationin the province of Punjabin five years.

An agreement to thiseffect was signed betweenthe United StatesAmbassador to PakistanAnne W. Patterson andrepresentatives of theGovernment of Punjabduring a ceremony heldhere.

According to a pressrelease issued by the USEmbassy here, the pro-gram will focus on restor-ing missing facilities in5,000 schools, which willhelp increase access andimprove the quality ofbasic education in theseschools. The money willalso be used to rehabilitatemore than 500 flood-affected schools, fundschool management com-mittees, purchase textbooks and provide trainingto school staff.

"We also seek to help the

Government of Punjabimprove the governance inschools by involvingschool councils in therehabilitation process,"Ambassador Anne WPatterson said. "The proj-ect will provide fundingfor the strengthening oflocal school managementcommittees to help pro-mote a sense of communi-ty ownership and responsi-bility for each school."

The program, which willfocus on the underservedKhanewal, Multan,Bahawalpur, DG Khanand Rajanpur districts,seeks to improve access toquality education in aregion that has becomeincreasingly important toPakistan's stability. It willhelp Punjab increase itscapacity to deliver qualityeducation in underservedareas while empoweringcommunities to getinvolved in their children'slearning, improve thequality of learning experi-ence, and reduce drop-outrates.-NNI

US donates$148mn forPunjab edu

Staff Correspondent

KARACHI: Instead ofbringing financial disci-pline to make the nationalflag carrier, PakistanInternational Airlines, aviable entity and nation'spride, its inefficient andincumbent managementhas come up with yetanother financially unvi-able idea of conveyinginstructions about flightschedule to the pilotsthrough short messageservice giving the impres-sion that its frequent flightdelays are due to impropercommunication, this wasstated by PALPAspokesman in a statementissued today.

The statement saidthrough this innovativeidea the PIA administra-tion has indicated that thetime tested practice ofinforming the pilots offlight schedule and theirduties (through rosters)would be discontinuedafter November 1, 2010.

The spokesman revealedthat the activity will proveto be futile as it is not "thelack of information" butactually the ill planned andineffective planning of ros-

ters which jeopardises thetimely departures offlights.

The administration hasalways tried to bypass theglobal aviation safety rulesspecially after bringingPIA flying crew under theessential services act; itcannot be allowed furtherto risk the life of passen-gers and ruin the nationalasset.

The Spokesman said thatthe SMS project willunnecessarily cost PIAaround Rs 5 million annu-ally while 600 mobilephones would have to bepurchased additionallybesides PIA is bound tofoot the monthly bill of Rs500 for each connection.

The airline is fast driftingfrom financial boom to bustlosing billions annuallywhile two other airlines areperforming much better inthe same domestic markets.Its issue with the pilotsmainly relates to compli-ance with the global safetyprocedures in which thenational carrier seeks con-cessions from Civil AviationAuthority forcing the pilotsto risk the life of the passen-gers by performing dutiesbeyond human limit.

National carrier needs financial discipline: Palpa

KARACHI: Newly elect-ed Chairman PakistanChemical and DyesMerchant Association(PCDMA) Haroon Agarhas urged the governmentto reduce mark-up rate,utility tariff and customduty. Speaking at 37thannual general body meet-ing of the association hesaid that the governmentshould start process inconsultation with stake-holders before finalisingthe imposition of any newtax or enhance tax rate.

He said that the govern-ment must give up its

move to further burdentaxpayers and work fordiscovering new avenuesfor generating revenues.He pleaded that with thereduction of duties andutility tariff, cost of doingbusiness will be reducedwhich ultimately reduceprices of end products.

He emphasised the need ofunity among differentgroups of business commu-nity to face economic crisis.Earlier, Convenor ElectionCommission, Arshad Usmanannounced the electionresults and declared thatMuhammad Haroon Agar

has been declared elected aschairman and Shaikh ImranSaleem as Vice Chairman ofthe association.

Others who have beenelected as members of thecorporate class executivecommittee membersincludes MohammadHaroon Agar, Aftab AhmedBatla, Arshad Kamal andHumayun Izhar. Thos whohave been elected as associ-ate class executive commit-tee members include ShaikhImran Saleem, ShakeelFateh, Faisal Fakhar,Mohammad Yahya Arshadand Irfan Salim.-Online

PCDMA demandsreduced mark-up

REAP teamto visitKenya

KARACHI: A seven-member delegation of RiceExporters Association ofPakistan (REAP) will leavefor Kenya on Mondayunder the leadership of for-mer REAP chairmanRafique Suleman to resolvethe burning issues beingfaced by Pakistani riceexporters at Kenyan portsduring last few months.

"Since July 2010, severalcomplaints had beenreceived from Pakistani RiceExporters as well asimporters in Kenya that portauthorities are not releasingrice containers despite ful-filling all the formalities,which gained severity inAugust 2010," REAP said ina press release on Saturday.

All these problems creat-ed by Kenya RevenueAuthority (KRA) are alsoresulting in extra chargesbeing added up by theKenya Port Authority(KPA), the ContainerFreight Stations (CFS) andthe shipping lines onaccount of demurrage.

For an infringement bythe KRA, the importer hasto unnecessarily foot thisbill resulting in the Kenyanconsumer paying more forthe goods that would nothave been that expensive.

Importers of Pakistanirice in Kenya have eithercancelled their pendingorders or have put them onhold. KRAs undue actionshave become a problem forthe economy of Pakistan.

"With rice being a majorrevenue earner for theexchequer, we are not surehow the related ministriesare going to handle this sit-uation. We just hope andpray that bilateral tradebetween our countriesremains intact," the REAPsaid.-Online

JSILdeclaresinterim

dividendsKARACHI: The Boardof Directors of JSInvestments Limited(JSIL), the ManagementCompany of JS IncomeFund (JS IF) and JS CashFund (JS CF) approvedinterim dividends for JSIF and JS CF for the firstquarter of Financial Year2011, ended September30, said a handout issuedhere.

A pay out of Rs2 perunit was approved for theUnit Holders of JS IFwhile an interim payout ofRs2.00 per unit wasapproved for the UnitHolders of JS CF.

Unit Holders who haveopted for cash payout willreceive cash paymentwhile Unit Holders whohave opted for bonus unitswill be allocated units atthe ex-net asset value atthe close of business onSeptember 29, 2010. Theabove entitlement will bepaid to the Unit Holders,whose names appear inthe register of UnitHolders at the close ofbusiness on September29.-PR

Powertariff hiketo strikeeconomy

ISLAMABAD: ThePakistan Economy Watch(PEW) on Saturday said thattwo per cent hike in powertariff is a serious blow toeconomy and poor people.

Power tariff hike coupledwith recent policy ratereview amounts to damag-ing economy for the sakeof foreign masters, it said.

Reformed GST will notsubstantially add to gov-ernment kitty; it will onlytrigger inflation andbribery, said Dr MurtazaMughal, President PEW.

"New taxes aren't accept-able before imposition ofagricultural income taxwhich the lawmakers areavoiding since decades,"he said.

He said that the recentpolicy rate hike is unfortu-nate; it suggests that thecentral bank is not ready tobelieve government's abili-ty to support fiscal needsfrom revenue.

SBP is yet to realise thateconomy is unable to swingagainst this tide. SBP willcontinue to hike interestrates in future, he said.

He said that new valua-tion table for urban propertyintroduced by governmentof Sindh indicates the con-fusion among the provincialtax officials. -NNI

Pak- Egyptbusiness

council soonStaff Correspondent

KARACHI: VicePresident SAARCChamber of commercehas announced that soon a15 member Pak EgyptBusiness Council will beformed to jointly promotebilateral trade.

While talking to mediahe said that already theconstitution preparationand other relevant actionare underway in whichinitially the council willfocus on 12 sectorsincluding Textile,Te l e c o m m u n i c a t i o n ,Information Technology,Agriculture, Energy,Automobile, construc-tion, Banking, Financeand Engineering.

He said that during thevisit of Pakistani ForeignMinister Shah MohammedQureshi's visit to Egypt theCouncil will be officiallylaunched.

He quoted World Bankreport in which it washigh lighted that by form-ing the Business Councilboth countries can boostthe bilateral trade mani-fold.

SUNDAYTime Programmes

8:00 Pakistan This

Week (Rpt)

8:30 Filmi Samaa (Rpt)

9:00 Awam Ki Awaz

(Rpt)

10:00 Smithsonian

Documentry

11:00 Tijarti Dunya (Rpt)

11:30 Dilkash Pakistan

(Rpt)

12:00 Kamyab (Rpt)

13:00 AM Agenda 360

(Rpt)

14:00 Amnay Samnay

(Rpt)

15:00 Tesri Nazar

16:00 Music Scene (Rpt)

16:30 Pakistan This

Week (Rpt)

17:00 Kamyab (Rpt)

18:00 Dilkash Pakistan

(Rpt)

18:30 Sara Jahan

19:00 Tesri Nazar (Rpt)

20:00 Badalta Pakistan

21:00 Agenda 360

22:00 Uff TV

22:30 Red Carpet

11:00 Awam Ki Awaz

(Rpt)

12:00 Agenda 360 (Rpt)

Gilaniappoints

new TDAPchairman

ISLAMABAD: PrimeMinister Yousaf Raza Gilanihas appointed Tariq Puri asChief Executive to TradeDevelopment Authority ofPakistan (TDAP).

He was serving as Federalsecretary at the Ministry ofLabour & Manpower andMinistry of Investment /Board of Investment.

Tariq Puri has to his creditthe distinction of serving theFederal Government for thelast 37 years with versatilityof experience both inGovernment and CorporateSector. He acquired exten-sive hands on experience ofmultilateral and bilateraltrade and investment negoti-ations and remained proac-tively engaged with foreigninvestors in attractinginvestments into Pakistan.

As Federal Secretary inhis role as top policy makerat the Ministry of Labour& Manpower and Ministryof Investment / Board ofInvestment, he led with anoutward looking vision andcontributed in introducingcontemporary concepts andout of box solutions fornational issues.

As Pakistan's ChiefTrade Negotiator to the 27States European Union &World Customs Council inthe capacity of Minister(Economic/Customs/Trade) at the Pakistan Mission atBrussels campaigned forgreater market access, lift-ing of anti-dumping dutyon bed linen export, eco-nomic assistance, customco-operation and otherrelated matters.-Online

3Sunday, October 3, 2010

Analysis & Feature

Just last year experts atthe International EnergyAgency proposed a tar-

get for China's carbon emis-sions to peak in 2020 beforedeclining if the world wereto be saved from devastatingclimate change. Too latenow.

Figures from energy firmBP showed earlier this yearthat Chinese emissions willsteamroll through the Paris-based IEA's 2020 peak targetnext year, nearly a decadeearly, with no sign of slow-ing down.

China, which hosts U.N.climate talks next week forthe first time, is promotingwhat it calls ambitious plansto boost energy efficiencyand curb emissions. But itssupercharged growth meanseven with rapid efficiencygains it cancels out otherglobal efforts to combat cli-mate change.

China already emits a quar-ter of the world's CO2, themain gas contributing toglobal warming, making itthe world's top emitter aheadof the United States. Itsemissions have more thandoubled since 2000.

Higher emissions fromChina and other big emerg-ing economies, plus the fail-ure of rich countries to slashemissions, could pumpgreenhouse gases to levelswhich scientists say augur adangerous rise in averageglobal temperatures by morethan 2 degrees Celsius (3.6F).

The IEA's suggested targetfor China of 8.4 billiontonnes of CO2 per year by2020, which would then fall,is in line with most otherresearch for a safe peak, saidMichel den Elzen at the

Netherlands EnvironmentalAssessment Agency.

But the latest figuresreleased by BP and denElzen's agency in June showChina will hit that figure in amatter of months, rather thanover the next decade.

"They are hitting that levelearlier than expected becauseof their rapid growth the lastdecade," den Elzen said."For meeting a 2-degrees tar-get (of increasing globaltemperatures) such a highemissions rate is definitelybad news."

China's rapid economicgrowth is helping underpin afragile global recovery, but itis also increasingly at oddswith safe levels of green-house gases.

Policy makers recognise itis difficult to say what is a"fair" emissions target forChina, which is rapidlypulling its huge populationout of poverty.

"It's difficult to say thatthere's a benchmark forChina which they should notexceed, because there are allkinds of issues, equity prin-ciples, on what you allocatefor China," den Elzen said.

China does not control theagenda of next week's U.N.climate meeting in the north-ern port city of Tianjin,which runs from Oct. 4-9.Beijing is not expected toannounce any new carbon-cutting measures in the talks.

Still, the government couldstill use the conference topromote its own emissionscurbing goals, to be incorpo-rated into a five-year eco-nomic plan that starts from2011.

China has resisted anabsolute cap on its green-house gas emissions, like

those developed countriesare expected to implement. Itsays a cap would be unfairbecause it contributed less tothe problem historically, itsemissions per capita are stillrelatively low and it needsleeway to grow its economy.

Instead, its focus is onreducing "carbon intensity" -- the amount of the maingreenhouse gas, carbon diox-ide (CO2), emitted for eachdollar of economic activity.It plans to reduce this by 40-45 per cent by 2020 com-pared to 2005.

But even with such bigefficiency gains, China'sexpected rapid economicgrowth will push its absolutevolume of emissions tobetween 9.6 and 10.1 billiontonnes of CO2 per year by2020, compared with 5.2 bil-lion tonnes in 2005, accord-ing to a study from theChinese Academy ofSciences.

Its emissions rose about 9per cent last year, faster thanany other major economy. Ifsustained that rate "wouldtorpedo efforts for the global2 degrees target", said MalteMeinshausen, from thePotsdam Institute forClimate Impact Research(PIK).

FIVE-YEAR PLANThe emissions projections

underscore the wrenchingeconomic shifts that Chinawould have to achieve inorder to help contain globalCO2 levels at a point lesslikely to trigger worseningdroughts, floods and extremeweather.

Even without an absolutecap, China's carbon intensitytarget will be tough, govern-ment officials and adviserssay.

"Without a fundamentaltransformation of the devel-opment model and substan-tial adjustment of the indus-trial structure, China willfind it impossible to achievethe 2020 emissions reductiongoal," said the ChineseAcademy of Sciences study.

China's new five-year planand a follow-up one for2016-2020 will detail how toreach the intensity goal andshift to low-carbon growth.But it is struggling to meetan existing target to cut ener-gy intensity by 20 per cent

from 2005-10.The most energy wasteful

plants have mostly alreadybeen shut under that plan,and achieving furtherimprovements will requiremore refitting of factoriesand plants and other moreexpensive measures, saidDeborah Seligsohn, aBeijing-based climate policyexpert working for the WorldResources Institute.

China has won plaudits forinvesting in clean energy,making it the world's biggestwind power market last year,

but a big majority of its ener-gy will continue to comefrom high-carbon coal, at 69per cent and 64 per cent in2009 and 2015 respectively,according to national fore-casts.

China could opt for a morestringent greenhouse gasgoal from 2016 if it foundthe costs of carbon cuttingand energy saving fall andother big emitters also tooksteeper cuts, said BarbaraFinamore, Director of theChina Program at theNatural Resources Defense

Council, a US environmen-tal group. The country willface mounting internationalpressure.

"They've just announced anincrease in carbon emissionswhich is the same scale asthe entire carbon emissionsof the United Kingdom,"said British energy and cli-mate change secretary ChrisHuhne last week.

"All the carbon emissionsreductions throughout theworld are effectively can-celled out by China'sincrease." -Reuters

SOARING CHINESE ECONOMY

AT ODDS WITH CLIMATE GOALS

Zahid H Karani

The FederalRepublic ofGermany has

come a long way sincethe reunification ofEast and WestGermany, 20 yearsago, on 03 October,1990. This reunifica-tion fulfilled thedreams and aspirationsof millions of Germansliving in two differentparts of Germanys thathad two totally differ-ent ideologies andlifestyles.

Historians and politi-cal and social analystshave called the reunifi-cation event as one ofthe defining moments ofhistory which spelledthe dawn of a new erafor Europe and an eventwhich has no historicalprecedent. In fact it wassuch a momentous eventand a first in the fact thata political epoch wasachieved without a sin-gle drop of blood beingshed or a human life

lost.The end of World

War II in Europe inMay 1945 came aboutwith the total surrenderof the Third Reich andthe occupation ofGermany and its carv-ing up into four partsby the Four AlliedPowers and then divi-sion into East and WestGermany in 1949.

The division was tolast for the next 40years tile the historicmoment when theBerlin Wall fell on 09November 1989, lead-ing to the collapse ofEast Germany orGerman Democratic

Republic (GDR) as itwas officially known,and the reunification ofEast and West Germanyon 03 October 1990.

This reunificationprocess has absolutelyno historical precedent.What is all the more sur-prising and admirable isthat the two halves havecome together as if theyhad never been castapart for more than 40years. This credit goesentirely to the Germanpeople that they made anextraordinary effort andworked very hard tomake the transition oftwo states into one unit-ed Federal Republic ofGermany. However,much remains to bedone.

The 2009 AnnualReport of the FederalGovernment on the

Status of German Unitystates that despite con-siderable progress, thereare still differences inmutual perceptionsbetween East and WestGermans.

The report states thatthere is a feeling amongmany people in EastGermany of being dis-advantaged both interms of their financialsituation and social sta-tus. Many East andWest Germans stillregard each other as for-eigners. However, theseare minor hiccups, andthe actual situation onthe ground is that muchhas been done to bringthe former EastGermany at par withWest Germany.

In fact, the main polit-ical objective of the fed-eral government is for

East and West Germanyto grow together.Nowadays, there is hard-ly any difference any-more in the living stan-dards of most Germans,both in terms of livingconditions and perks andprivileges enjoyed.s

One should remember

that differences are a

natural phenomenon and

the essence of a democ-

racy, in terms of values,

attitudes and political

views. But the citizens

of east and West

Germany agree on major

points.

There has been great

progress in economic

and social integration

while a few challenges

remain, which the peo-

ple from East and West

will overcome and that

too UNITEDLY.

Germany commemorates its re-unificationGermany, a reliable partner

Message from German Foreign Minister Guido Westerwelle

The images that will forever be linked with the unifica-tion of Germany are evocative: a euphoric nation,jubilant masses at the Brandenburg Gate, people in

each others' arms, laughing and crying for joy at the sametime. The crowd shouting "We are the people!" The wholeworld witnessed the power that courage can unleash andhow people's desire to be free can topple a dictatorship. Thepolitical unification of the two German states followed ayear later, on 3 October 1990.

The twentieth anniversary of German Unity gives us anopportunity to look back and be thankful - that the path to aunified Germany turned out to be so unexpectedly straight-forward and was travelled so fast. We are grateful to ourWestern and Eastern partners for this. Indeed we will neverforget the support and sympathy they demonstrated duringour unification process.

Germany promised that, in return for unity in freedom, itwould be solidly integrated into Europe and the internation-al community. We will keep that promise. Over the years,

together with our partners, we have achieved a great deal in Europe. Today 500 million Europeans from 27countries live in a common judicial area in peace and freedom. The European Union is a unique, successfulreconciliation and peace project. 20 years after German Unity, it remains our task to make the world amore peaceful and pleasant place in which to live. German foreign policy is peace policy. We are fac-ing numerous challenges that we in our globalised world can only tackle together. Disarmament, cli-mate change, energy supply and demographic development are only a few of the major issues Europeand the world must address in the future.

German unification taught us that the seemingly impossible can happen after all if you have the courage andthe willingness to take the right decisions. Germany will be a reliable partner in this endeavour.

Disclaimer:All reports and recommendations have been prepared for your information

only. Summary and Analysis are not recommendation to buy or sell. This

information should only be used by investors who are aware of the risk inher-

ent in securities trading. The facts, information, data, indicators and charts

presented have been obtained from sources believed to be reliable, but their

accuracy and completeness cannot be guaranteed. The Financial Daily

International and its employees are not responsible for any loss arising from

use of these reports and recommendations.

Can Musharrafmake a

difference?Retired general and past president of Pakistan,

Pervez Musharraf announced the debut of his

political party All Pakistan Muslim League from

London. He apologised to the nation for the mis-

takes he committed, which led to tendering of his

resignation. His entry in the politics is being

vehemently criticised by many political parties,

particularly PPP and PML-N and their clout.

One may disagree whatever he had said but is it

not the fact that elected government had plunged

the country deeper into the crises? It is true that

Pakistan faces external threats and also has to

deal with the embedded enemies but can the gov-

ernment deny non-adherence to good gover-

nance? Blaming Musharraf government for join-

ing the US war on terror is easy but what is reply

for inability to stop the US incursion into

Pakistani border?

It is on record that PPP and PML-N were and

still are the most stringent critic of each other, but

was it not Musharraf who made them sign

'Charter of Democracy'? Though, their opposi-

tion to each other is termed 'friendly opposition'

the bitterness is often evident from the uttering of

the leaders of these two leading political parties.

Some of the quarters are opposed to his launch-

ing a political party because they consider him a

potential threat, though they deny this every

forum. This inherent fear is based on the clout

enjoyed by Musharraf globally, though they may

not acknowledge this with an open heart.

As regards participation of any individual in

Pakistan's politics there can't be any restriction as

long as he or she meets the basic criteria. If

Benazir Bhutto and Nawaz Sharif were allowed

to come back to Pakistan and participate in poli-

tics, why any resistance against Musharraf? Let

him go through the rigorous process and give a

chance to public to accept or reject him and his

political party.

It seems that many of the politicians are one

way or the other scared of Musharraf because

those intending to replace recognise their limita-

tions. Saying that his entry in Pakistan politics

would be opposed can't serve the purpose.

Democracy in Pakistan can flourish only when

there is a strong opposition, supremacy of law

and adherence to good governance.

If Musharraf had committed some horrendous

mistakes, worst are being committed by the pres-

ent rulers. Many of the moves have to be taken

back after the worst criticism. Nation has the

right to ask a question. What is being done by the

ministers and advisors? Are they there to get the

benefits but do nothing to bring the country out

of the prevailing mess?

Let every one remember that it is the deeds

and misdeeds of a politician which makes him

or her popular or otherwise. If the present

regime believes that it is doing the best, it need

not be cared by any one.

4Sunday, October 03, 2010

Publisher & Editor-in-Chief: Amir A. Ashary

Editor: Shakil H. Jafri

Executive Editor: Manzar Naqvi

Honorary Advisory Board

Haseeb Khan, FCA

Asim Abbas Ashary, CPA

Akhtar M. Zaidi, FCA

Dr. A. Hadi Shahid, FCA

Muhammad Arif

S. Muneer Hussain Rizvi

Khurram Shehzad, CFA

Prof. Zakaria Sajid (KU)

Zahid Bukhari SVP HBL (retd)

Ismat Sabir

Head office

111-C, Jami Commercial Street 11, Phase VII, DHA KarachiTelephone: 92-21-5311893-6 Fax: 92-21-5388428

URL: www.thefinancialdaily.comEmail Address: editor@thefinancialdaily.com

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Email Address: editor@thefinancialdaily.com

The Financial Daily InternationalVol 4, Issue 59

Amran Abocar and RaissaKasolowsky

Once filled with the cacophony ofcranes and construction laborers,Dubai today hums to the work of

a quieter crowd. The brash Gulf emirate,renowned for extravagant real estateprojects and flashy living, has turnedinto a city of auditors.As they pore over the detritus of lastyear's debt crisis, the accountants andlawyers face a task as huge as Dubai'sambitions. The emirate's flagship firmDubai World has agreed to repay $25billion of debt, the borrowings that near-ly brought down the emirate's economy.

The auditors' task is to investigateexactly where the money went, wholined whose pockets, and what otherfinancial landmines might lay in thestore. Forensic audits at state-linkedfirms, such as Dubai Holding, are part ofa wider corruption probe that has target-ed senior figures from Dubai's boom-years.

But even as the accountants work toget to the bottom of the financial mess,Dubai is changing. Its rescue last year byAbu Dhabi details of which Reutersreports here for the first time hasencouraged the state to become moreconservative, both politically and social-ly. Dubai's crisis prompted a shift ofpower to the rulers in Abu Dhabi, thewealthiest of the seven states that makeup the United Arab Emirates.

Now a chastened Dubai is recoveringsome of its confidence as it seeks to con-vince international investors it can deliv-er now where last year it failed.

Questions remain. With Dubai's oldguard at the helm rather than the younghigh-flyers who many blame for the cri-sis, can Dubai ever achieve the sort ofgrowth it once boasted? Or, given thatthe economy depends so heavily ontrade and tourism, could it be tempted toreturn to the excesses of the past?

"The Dubai growth model that wastalked about so much and propagated inthe media has changed now," saysChristian Koch, director of internationalstudies at the Gulf Research Center."The crisis forced Dubai to take on amuch more realistic approach."

Nakheel SockAbu Dhabi's ascendancy began in the

wake of global credit crunch of 2008.Reports about debt trouble in Dubai'sflagship companies had been circulatingwithin government from as early as2005, though most people seemed happyto ignore these. In 2008, the end of a six-year oil-fueled boom burst Dubai's realestate bubble while the global financialcrisis left the emirate unable to refinancelooming debt obligations.

To help Dubai support its state-linkedfirms, the national central bank, whichis based in Abu Dhabi, had bought $10billion in Dubai bonds in February,2009. But Dubai, which has little oil ofits own and had embarked on a series ofmassive building projects to promote itstrade and tourism, had much biggerproblems.

Chief among them was Dubai World,which was struggling to pay its debts.Dubai World's lenders had been quietlyrolling over loans since early 2009 andthe state-linked company hoped to rene-gotiate terms, extend maturities andkeep paying interest as it worked out arestructuring.

But that plan depended on knowinghow much government support the com-pany could obtain. Over the summer andthrough the Muslim holy month ofRamadan, the state committee set up tosupport Dubai's corporations was omi-nously quiet on the matter.

On November 25, when Dubai's liabil-ities had reached $59 billion, or nearly aquarter of the United Arab Emirates' fed-eral Gross Domestic Product, officialsfinally sounded the alarm. The definitivestory of how the rescue came togethermay never be written, but Reuters haspieced together some of the key detailsof those days.

At 6 pm, as many Emiratis and expatswere winding down after work, theDubai government summoned advisersand senior Dubai World executives tothe offices of government lawyersLatham & Watkins. Government offi-cials told the gathering that they hadsought a stay of payment on DubaiWorld's debts.

"No-one had anything to say," saysone person who was present. Like mostpeople involved in the rescue, theyrefused to be identified, either for fear oftarnishing their reputations or becausethey remain involved in the process andare not authorized to speak publicly.

"The announcement was a disaster forDubai. They were told 'don't worry,Argentina has done this, Venezuela hasdone it. People forget and they startlending again.' But what they didn't takeinto account was that those are realeconomies. This is not a country.

"Dubai relied on global goodwill, ifyou will, and that was shattered."

The first repayment to be affected a$3.5 billion Islamic bond from DubaiWorld's real estate company Nakheelwas due on December 14. But those inthe meeting knew the payment was onethat Nakheel, a developer of islandsshaped like stylized palm trees and a

map of the world, would never be able tomake.

A former adviser to Dubai World putsit succinctly: "Nakheel was a pyramidscheme, basically. They took moneyfrom selling one big project, one palmisland, and used it to pay for another."

The silence in that Dubai meetingbecame the standard setting over thenext few days. Despite rumors in theglobal markets of a looming default, noofficial came forward to explain the sit-uation until November 30. Financialmarkets looked to December 14 as amajor test; bondholders, includingaggressive hedge funds, smelled blood.

There was another option: Abu Dhabi.Officials in Dubai began hammering outa proposal to put to the larger emirate onhow to deal with the looming default.On the evening of December 13, thenight before the payment was due, theyagreed on what the final proposal shouldsay. Crucially, it would not involve a fullrepayment of the bond.

"Nakheel was a big massive shock,"says a source familiar with the restruc-turing. "Dubai went to Abu Dhabi andsaid, we have this company calledNakheel that's so messed up it could takeour whole economy down, and nobodyknew about it.

"Nakheel's books were so screwed upit wasn't even funny."

On item at a timeThat evening, the weather in Dubai

took an apocalyptic turn. Clutching theproposed deal and other documents, abanker from Moelis & Co, a U.S. invest-ment bank that was advising Dubai,climbed into a waiting helicopter andtook off for the capital.

Expecting him in Abu Dhabi wereofficials of the highest level, includingSheikh Mansour, half-brother of theruler of the UAE and one of the mostinfluential people in the federationtoday.

Rain and wind lashed the window-panes of Dubai International FinancialCenter as the officials huddled, waiting.The banker had been instructed to call

his team as soon as he left the Abu Dhabimeeting. Three hours on, there was stillno word from him.

"We were so nervous, none of us hadeaten all day," says the source familiarwith the restructuring.

The phone call never came. Instead,they heard the returning helicopter.Landed, the banker was whisked off intoa meeting room to confer with the twotop officials of Dubai's Supreme Fiscalcommittee. Finally, the rest of the teamcalled in.

To everyone's astonishment, AbuDhabi was offering to pay off the bondin its entirety.

"Abu Dhabi said, let's just pay thisthing off until you come up with a betterplan," the source familiar with therestructuring says. "They always said weare happy to help, we just want to see aplan."

A nod and a wink With hindsight, perhaps the officials

need not have been surprised. Rightlyor wrongly, lenders had alwaysassumed Dubai World's governmentlinks would ensure repayment. Dubailater stated that its government hadnever backed the debts of state-linkedfirms such as Dubai World, and blamedinvestors for not reading the small print.But lenders put the blame firmly on thegovernment.

In the UAE, ruling families keep theirprivate lives out of the public domainaside from major weddings and funerals,and questions about who's really pullingthe strings make intriguing gossip. Butfrom a creditors' viewpoint they are cru-cial, because the buck stops with thehighest guarantor.

It is common practice in the MiddleEast for borrowing to consist of loanssigned with a nod and a wink on a 'namelending' basis.

In Dubai "in a sense the red line, thedifferentiator between the trader and thegovernment institutions, became verymurky," says Mohamed Yasin, chiefinvestment officer at CAPM Investmentin Abu Dhabi.

It's still uncertain how much Dubai'sruler, Sheikh Mohammed bin Rashid AlMaktoum, knew about the growing debtcrisis. Some of those involved say hewas only informed of the magnitude ofthe debt problem very late in the game.In his rare comments on the crisis,Sheikh Mohammed has maintained astiff upper lip, saying the problem hasbeen overcome.

"No-one knew the magnitude of whatwas owed, then the complexity of it," theformer adviser to Dubai World says. "Alack of experience and ego made ithard to admit defeat."

The emirate's transformation into aboom town had relied on a generation ofEmirati executives armed with big ideasand Western business degrees. Dubai'smodel involved 'soft support' free land,a high-profile appearance at the openingfor people who came up with a project

and funded it themselves. So they spe-cialized in leverage to build "real estate,real estate, real estate, but with a differ-ent flavor or headline," says Yasin.State-linked firms borrowed at an alarm-ing rate, with little oversight or coordi-nation. Corruption was rife.

"Nobody at the time was going to theDubai government and saying, 'this bor-rowing is happening based on theassumption that you are going to settle ifwe don't pay the money,'" Yasin says."Who assumed that model? it was thelender."

So ultimately Dubai's debts wereaccrued on the assumption that in theevent of distress, the government -- orbig brother Abu Dhabi -- would pick upthe tab. When Dubai's government dis-tanced itself from the problem, it gavethe larger emirate responsibility -- andpower.

No IllusionsIn return for saving its 'kid brother'

from the embarrassment of default, AbuDhabi's authority quickly became appar-ent. In what was seen by some as a ges-ture of humility, in January Dubai's rulernamed the world's tallest structure BurjKhalifa, in honor of Abu Dhabi's rulerand the UAE president, Sheikh Khalifabin Zayed al-Nahayan.

Seasoned UAE observers say the moreoutlandish rumors that circulated in themonths after the Dubai World debacle --that Abu Dhabi would swoop in andseize Dubai land and assets or that theruling families were embroiled in inter-personal rivalries -- were always non-sense.

"The ruling families have no illusionswhatsoever about what the role of eachone is, who is the big guy and who is thesecond in line and so on," Yasin says. "Inmy opinion, it was the middle manage-ment, the second tier, the business peo-ple, those who are not related to the rul-ing families but who work for them, whogenerated these ideas."

Sometimes Abu Dhabi doesn't have tothrow its weight around because Dubaihas realized what it needs to do without

being told.The document for Dubai World's debt

restructuring, seen by Reuters andagreed to by most of its creditors thismonth, outlines the city's plans to sellassets over eight years to generate asmuch as $19.4 billion and lists "invest-ment assets" such as stakes in luxuryretailer Barney's, Dubai-based AtlantisHotel, and casino operator MGMResorts International among those thatcould be included. Ports operator DPWorld is among the "strategic assets"which may generate up to $11.8 billionif put on sale.

Dubai's government has tightened theleash on borrowing for state-linked com-panies. Previously, they were able toborrow unchecked, now they need tojump through a whole series of hoopsbefore being given the green light for aloan.

Almost two-thirds of Dubai World'sdebt is held by six banks, four of themBritish: HSBC, Lloyds, Royal Bank ofScotland, Standard Chartered, and locallenders Emirates NBD and Abu DhabiCommercial Bank.

Iran FactorHas Dubai's payback gone beyond

finances? Some observers believe so.A U.S. ally, the United Arab Emirates

has taken a tougher posture towardTehran over the past year, under increas-ing scrutiny from Washington but alsoout of concern of the risks of a nuclearIran on its doorstep. Dubai, which has asubstantial population of Iranian expatri-ates and last year generated $5.8 billionin re-exports to Iran, has followed thatlead.

Since a new round of United Nationssanctions against Tehran was agreed inJune, the UAE central bank has askedfinancial institutions in the federation tofreeze accounts belonging to dozens ofIran-linked firms, and a number havebeen closed down.

Ships visiting the UAE's ports areundergoing much more stringent cargochecks.

"I think (the crisis) has been good on afederal level, for example in terms offoreign affairs," says the Gulf ResearchCentre's Koch. "The emirates are work-ing much more closely together. There iscertainly a clear commitment in terms ofimplementing and meeting the require-ments of the U.N. sanctions against Iran,and this effort is more centrally con-trolled."

Christopher Davidson, a historian atBritain's Durham University, goes fur-ther. "After November we saw a hugeshift in what Abu Dhabi feels it can doon the international stage with regard toIran and how close it can position itselfwith the United States," says Davidson,who believes that would not have beenpossible before the debt crisis, becauseAbu Dhabi would then have had far lessleverage over Dubai.

"We've seen some incredibly hawkishcomments which do everything to

undermine Dubai's business links withIran, so Abu Dhabi is in full control ofthe UAE foreign policy."

Not everyone shares that view. Some,including David Butter at the EconomistIntelligence Unit, think the change sim-ply coincided with a toughening of theinternational community's stance towardIran.

Still, Dubai's ongoing debt problemsmean the emirate has little power todeviate from Abu Dhabi's line. There isalso no doubt that the Gulf Arab regionas a whole is seriously concerned aboutthe possibility of a nuclear-armed Iran.A rising number of countries haveannounced big new purchases ofweapons in the past year, includingSaudi Arabia which plans a $60 billionarms deal with the United States.Analysts say the six Gulf Arab statescould spend as much as $100 billion incoming years to overhaul their armedforces.

Writing on the SandBack in Dubai, there are signs confi-

dence is beginning to return. DeveloperNakheel, whose near-default propelledDubai's banker on the November chop-per ride to Abu Dhabi, has said it willbegin building again next month.

After a year away, Dubai's govern-ment has returned to bond markets,launching a dual-tranche $1.25 billionbond. Early talk indicates the issue isheavily oversubscribed.

"The hard work has been sorting outNakheel and Dubai World, and investorsare more positive on Dubai because ofits strong relationship to the rest of theUAE and as the legacy issues have beenor are being addressed," says Aviva fundmanager Jeremy Brewin in London.

Dubai World's debt repayment agree-ment on September 10 "draws a line inthe sand to a significant part of the debtrestructuring story," says V Shankar,chief executive of Standard Chartered'sMiddle East, Africa, Europe and theAmericas operations. "There are issuesstill to be sorted out with Dubai Holdingbut I think on the back of this, Dubai hasa powerful tail wind."

Dubai seems focused on its core oper-ations of logistics and trade. It recentlyopened the first phase of Maktoum inter-national airport -- part of Dubai WorldCentral's so-called "aerotropolis" com-plex, a shipping, air and road hub.

"Whilst no government can rule outfuture issues, we believe the most signif-icant restructuring is behind us," a gov-ernment representative responded toemailed questions.

Advisers to Dubai say Abu Dhabi is nolonger as closely involved in its neigh-bor's financial affairs as immediatelyafter the debt crisis. At the peak of theDubai World turmoil, Dubai representa-tives were meeting with their Abu Dhabicounterparts on a weekly basis. Thesemeetings have been scaled back tobecome, as one adviser put it, "courtesy"updates.

The government has embarked on abig push to create corporate governancestructures, and most of its high-profileyoung executives are gone, sidelined ina putsch last November. Some, such asthe head of Dubai's flagship DubaiInternational Financial Center, fallenprey to corruption probes. Into theirplace have come more trusted, estab-lished and older names pushed asideduring the boom years but now back infavor.

"The only criterion available is 'per-sonal hygiene,' people who are clean,"says a long-time Dubai observer, declin-ing to be identified so he can speakfreely about a sensitive topic. He arguesthat some of the old guard's lack ofexperience in modern finance may makethem poorly equipped for the task ofrebuilding Dubai's companies. Strategic,"bold, hairy, audacious" initiatives areneeded, he says. "Right now, it's theblame game."

Growth ProspectsThere is no doubt Dubai needs to

encourage entrepreneurship, and contin-ue to give ambitious Emiratis who donot come from wealthy families thechance to make their own fortunes. Itspast model is now cited as one of thecauses for the endless real estate projectsthat led to its debt crisis, but parts of itmay have to be reinstated if Dubai is togrow. How easily could Dubai slip backinto its bad old ways?

"They believe that now the problem issolved," says the former Dubai Worldadviser, who is critical of creeping com-placency just a year after the crisis. "Theproblem is not solved as they still owethe same amount of money. They willhave to pay the same amount, only a lit-tle later."

Even with its wings clipped, the emirateis still making big plays. In July, Emiratesairline, one of Dubai's crown jewels andalready the biggest customer for AirbusA380 super jumbos, placed an order for30 Boeing 777 jets in a deal worth poten-tially more than $9 billion.

"Everything is now very conservative,it's meant to be based on in-depth analy-sis of actual sectors," says the sourcefamiliar with the restructuring. "Giventhe chance, Dubai will take it to thesame level as before. They will alwaystry to go as far they can with some-thing."-Reuters

How Dubai Got Serious ?

“The Dubai growth model that wastalked about so much and propagated in

the media has changed now”

5Sunday, October 03, 2010

People who use antidepres-sants for the long termmay be more likely to

develop type 2 diabetes thannon-users - including otherindividuals with severe depres-sion, two new studies suggest.

The findings, reported in thejournal Diabetes Care, add toevidence linking antidepressantuse to a modest elevation intype 2 diabetes risk.

They do not, however, provethat the medications are thecause, researchers say.

It's possible that antidepres-sant users have other character-istics that raise their odds ofdeveloping diabetes, accordingto Dr. Mika Kivimaki of theUniversity College London inthe UK, the lead researcher onone of the studies.

In addition, he told ReutersHealth in an email, antidepres-sant users may see doctors moreoften than non-users do - which,in turn, could increase theirlikelihood of being diagnosedwith diabetes or other medicalconditions.

"I would interpret these find-ings cautiously and not drawfirm conclusions yet," Kivimakisaid.

For their study, he and his col-leagues used data on more than150,000 Finnish adults fol-lowed for an average of five

years. During that time, 851were newly diagnosed withtype 2 diabetes.

At the outset, there were9,197 individuals who wereconsidered longer term users ofantidepressants - having beenon the medications for more

than six months. Overall, theresearchers found, these menand women were more likely todevelop diabetes during thestudy period, with the oddsclimbing in tandem with thelength of use.

Among study participantswho had not used the medica-tions, 1.1 per cent were diag-nosed with diabetes over fiveyears. That compared with 1.7per cent among individuals whohad taken between 200 and 400

daily doses of an antidepres-sant, and 2.3 per cent amongthose who had taken 400 ormore daily doses.

One question about the asso-ciation between antidepressantsand diabetes has been whetherthe medications are just serving

as a marker for more-severedepression: severe depression,or the generally poorer healthand lifestyle that may comewith it, could help explain theconnection to diabetes risk.

But when Kivimaki's teamlooked only at participants con-sidered to have severe depres-sion, antidepressant users weretwo to three times more likelythan non-users to be diagnosedwith diabetes. That was withrates of chronic physical health

conditions, like high bloodpressure, heart disease and can-cer, taken into account.

Of 159 people who hadsevere depression and had takenat least 200 doses of an antide-pressant, 58 developed dia-betes. That compared with 12 of69 men and women who hadsevere depression but had takenfewer doses, or no medicationat all.

In the second study,researchers led by Dr. RichardR Rubin of Johns HopkinsUniversity in Baltimore lookedat data on more than 3,200 USadults who were enrolled in aclinical trial on type 2 diabetesprevention.

All of the study participantswere at high risk of diabetesbecause they were overweightand had elevated blood sugar.They were randomly assignedto either lifestyle changes, theblood-sugar-lowering medica-tion metformin, or a placebo. Atthe study's start, almost 6 percent were using an antidepres-sant regularly.

Rubin's team found that in thelifestyle and placebo groups,study participants who wereconsistently on antidepressantsduring the study period wereabout twice as likely as non-users to develop diabetes over10 years.-Reuters

Antidepressant use tied

to increased diabetes risk

A simple blood test correctlyidentified most colorectal can-cers in an early trial of the tech-nology, offering the possibility ofa convenient screening test thatcould be done during routinecheckups, the company whichdeveloped it said on Wednesday.

The test, being developed byDanish biotech company Exiqon,worked well at both identifyingcolon cancers and at ruling themout, the company said at anAmerican Association for CancerResearch meeting in Denver.

"Our test has the potential to besafe, cheap, robust, accurate andof little or no inconvenience tothe individual," Soren Nielsen,the company's scientific managerof diagnostic product develop-

ment, said in a statement.Nielsen said the company is

not looking to replacecolonoscopy, the current goldstandard test for colon cancer.

Instead, they hope it will beused as an initial screening toolto identify people who need fur-ther testing.

Belgian biotech firmOncoMethylome also has acolon cancer blood test, as doesExact Sciences Corp.

Colon cancer is the secondbiggest cancer killer in mostcountries behind lung cancer.

In standard colonoscopies, atiny camera is threaded upthrough the rectum. The devicehas a little pair of clippers on theend to remove suspicious-look-

ing growths called polyps so theycan be tested to see if they mightbecome cancerous.

US health experts recommendregular colonoscopies for peoplestarting at age 50 and the practiceis credited with helping to lowerthe number of deaths from coloncancer from around 52,000 in2007 to just under 50,000 peoplein 2009 in the United States.

PATIENTS SHUNINVASIVE TEST

But only about half of thosewho should get tested do, in partbecause the procedure is embar-rassing, uncomfortable and can,in rare cases, cause injury.

"The problem withcolonoscopy and other invasivetests is that people tend not to use

them unless they have symp-toms," Nielsen said in a tele-phone interview.

He said there are other screen-ing tests available now that areless invasive than colonoscopy,including tests that require peo-ple to collect a tiny sample oftheir stool and send it to a lab.But he said people often will noteven do that.

"What we're aiming for issomething that can tell youwhether you are likely to havecolorectal cancer from a bloodsample," Nielsen said.

The company's test screens formicro RNAs, tiny bits of geneticmaterial from tumors in theblood.-Reuters

Blood test for colon-cancer

promising: study

Researchers have found a sur-prisingly quick and apparentlysafe way to transform ordinary

skin cells into both stem cells -- thebody's master cells -- and musclecells.

They said on Thursday their methodmay provide a way to generate tissuein a new science called regenerativemedicine, which doctors hope willeventually lead to ways to repairinjuries and eventually perhaps evenreplace whole organs.

Reporting in the journal Cell StemCell, Dr. Derrick Rossi of HarvardMedical School and colleagues saidthey were working on new ways tomake induced pluripotent stem cellsor iPS cells.

These cells closely resemble embry-

onic stem cells -- the body's true mas-ter cells, which can give rise to all ofthe body's cells and tissue and whichalso flourish in the lab.

It takes just 3 or 4 genes to turn backthe clock on skin cells or other ordi-nary cells, and make them behave likestem cells. But most ways of doingthis involve using a virus to carry thenew genes into the cell, or DNA, andthese techniques can lead to otherproblems, including tumors.

Rossi and colleagues in stem cellleader George Daley's lab tried a newmethod, using RNA instead. RNA isthe compound that carries out DNA'sinstructions.

To their surprise, RNA from the four"stem cell" genes worked to transformordinary skin cells into iPS cells.

These cells could, like stem cells, bemade to form beating heart cells,nerve cells and other cell types.

They were also able to directly

transform skin cells into muscle cells,they reported.

CELL-BASED THERAPIES"We believe that our approach has

the potential to become a major andperhaps even central enabling tech-nology for cell-based therapies andregenerative medicine," they wrote.

"The methodology described hereoffers several key advantages overestablished reprogramming tech-niques."

They said, for example, it shouldmake it easier for less specialized andexperienced scientists to make andwork with the cells.

Daley and other researchers alsowork with human embryonic stemcells and said using iPS cells was notan alternative to the controversialembryonic cells. They said all types ofstem cell research were equallyimportant as scientists learn how touse them.

The future of human embryonicstem cell research is being debated inUS courts and in Congress.Opponents of the research say it iswrong to destroy a human embryo forany reason, even if the embryos areleftovers from fertility clinics that aredestined for destruction.

Opponents of the research havesued the US government and the caseis being considered by federal courts.A US appeals court ruled on Tuesdaythat federal funding for human embry-onic stem cell research may continuepending a full appeal.

Members of Congress who supportembryonic stem cell research say theyare working on legislation to make itclear what the government may payfor.-Reuters

US researchers make stem cells quickly from skin

Could one hour be all youneed to quit smoking, with-out cravings or side

effects?That's what Innovative Laser

Therapy, a New Haven,Connecticut-based company,advertises on its website. Theclinic uses low-level lasers - sim-ilar to those sometimes used totreat arthritis-related pain - to tar-get specific acupuncture points onthe body related to addiction,metabolism and stress, and claimsthat most patients can quit smok-ing after one session.

In that session, the laser ispointed at spots on the face, handsand wrist, with the aim of reliev-ing withdrawal symptoms andpreventing cravings.

"When you smoke a cigarette,you artificially tell your brain torelease endorphins," Frank Pinto,the owner of Innovative LaserTherapy, told Reuters Health.Therefore, quitting leads to aquick drop in endorphin levels, hesaid.

"The laser basically stimulates

the nerve endings to tell the brainto release a flood of endorphins"to boost a patient over that initial3-5 day hump of withdrawalsymptoms, he said.

The treatment also targets otherpoints that are thought to suppressappetite -- to prevent the weightgain that often comes with quit-ting smoking - and promote relax-ation, according to InnovativeLaser Therapy.

But does it work?'NOT ENOUGH EVIDENCE'

IN SCIENTIFIC TERMSThere's limited research show-

ing that laser therapy might helpsome smokers quit. InnovativeLaser Therapy cites one study, a2008 paper published in theJournal of Chinese Medicine,available on their site

. A UK-based team found thatsmokers that had four laser treat-ments over two weeks were morelikely to quit than smokers thathad three treatments. Those in thethree treatment group, in turn, hadbetter success rates than a controlgroup that was given fake laser

treatments.After 6 months, 55 per cent of

the four-treatment group wassmoke-free, compared to 19 per

cent of the three-treatment groupand 6 per cent of those who weretreated with fake lasers.

The authors weren't able to fol-low most of the 340 participantsfor more than 6 months aftertreatment, so they don't know ifthose who stopped smoking start-ed up again, or if they really quitfor good. And the journal's site -which offers lasers and othertreatments for sale - does not saywhether it is peer-reviewed.

In contrast, a 2000 Singaporestudy of 330 adolescents found nodifference in 3-month quittingrates for participants treated withreal or fake laser therapy.

"In scientific terms, this one(UK) study is not enough evi-dence to recommend (the) laserfor smoking cessation," Dr.Adrian White told Reuters Healthby email. Dr. White is a researchfellow at Peninsula MedicalSchool in the UK who co-authored a review of laser thera-py and similar smoking cessationmethods for the CochraneCollaboration, an international

organization that evaluates med-ical research. "The results con-flict with the other study, andthey seem 'too good to be true.'"

According to the US Centers forDisease Control and Prevention,about 1 in 5 Americans is a cur-rent cigarette smoker, and themajority of them smoke everyday. The American HeartAssociation reports that morethan 80 per cent of smokers saythey want to quit. But manysmokers try more than one smok-ing cessation method or takeyears of trying before they do quitfor good.

Pinto launched Innovative LaserTherapy after he successfully quitsmoking with a round of lasertherapy from a clinic in Florida.His company charges $350 for aone-time treatment that takes lessthan an hour, and offers free extratreatments to patients who arestill struggling with quitting inthe following 6 months. Othercompanies do a few shorter thera-py sessions as part of their regulartreatment plan.-Reuters

Can lasers help you stop smoking?

Coffee, tea

to lower brain

tumor risk C

offee and tea lovers may have a decreased likelihood of developing the most common formof malignant brain tumor in adults, a new study suggests. The findings, from a study of morethan 500,000 European adults, add to evidence from a recent US study linking higher cof-

fee and tea intake to a lower risk of gliomas, a group of brain tumors that makes up about 80 percent of malignant brain cancers in adults.

It does not, however, prove that the beverages themselves confer the protection."This is all very preliminary," said lead researcher Dominique Michaud, of Brown University in

Providence, Rhode Island, and Imperial College London. "This study shouldn't be the reason thatanyone changes their coffee or tea intake."

And even if coffee and tea have some direct effect on glioma risk, the impact would be small.Brain tumors in general are uncommon; in Europe, for instance, annual rates are estimated atbetween four and six cases per 100,000 women, and six to eight cases for every 100,000 men.

Overall, the odds that a person will develop a malignant (cancerous) brain tumor in his or herlifetime are less than 1 per cent. Still, Michaud said, if higher coffee and tea intake is somehow pro-tective against glioma, that could give researchers insight into the causes of the tumors. "Right now,we don't know much about what causes brain cancer," she noted in an interview.

The findings, published in the American Journal of Clinical Nutrition, come from an ongoingstudy in 10 European countries investigating potential risk factors for cancer. At the outset, 521,488men and women between the ages of 25 and 70 completed detailed questionnaires on their med-ical history, diet, exercise habits, smoking and other lifestyle factors.

For their analysis, Michaud's team focused on more than 410,000 participants who were cancer-free at the outset and had complete dietary information. Over an average of 8.5 years of follow-up,343 of these men and women were diagnosed with glioma; another 245 were diagnosed withanother, usually benign type of brain tumor called meningioma.

When the researchers divided the study participants into four to five groups based on their cof-fee and tea intake at the outset, they found no evidence of a "dose-response" relationship -- that is,a decreasing glioma risk as coffee and tea consumption climbed.

The findings were different, however, when the researchers looked at two groups: those whoaveraged at least 3.5 ounces of coffee or tea per day, and those who drank less or none at all.

The heavier coffee/tea consumers were one-third less likely to be diagnosed with glioma,with factors such as age and smoking history taken into account. There was no connection seenwith meningioma risk. According to Michaud, it's not clear why there was no evidence of adose-response association between coffee and tea intake and the risk of glioma -- which is gen-erally considered a stronger sign of a possible cause-and-effect relationship. But it may be relat-ed to difficulties in precisely measuring study participants' coffee and tea intake, which wasdependent on self-reports.

It is biologically plausible that coffee and/or tea could affect glioma risk, Michaud said.A recent lab study, for example, found that caffeine appeared to slow the growth of a type of

glioma called glioblastoma. In addition, both coffee and tea contain antioxidants, which help pro-tect body cells from damage that can lead to cancer and other diseases.-Reuters

6 Sunday, October 3, 2010

Latest Gadgets

LiveViewMini

DisplaySony Ericsson has announced the Sony

LiveView. The LiveView has been designed

for smartphones running the Android 2.x

operating system. The device its self has a

1.3 inch screen and connects to a smartphone

via bluetooth and allows users to remote con-

trol their phone from a device that can be

worn on your wrist.

P a n a s o n i cToughbook S9

Panasonic has announced the

Toughbook S9. The S9 is a rugged

laptop that has a 12.1 inch screen.

The keyboard has an optical drive

underneath it that is accessed by lift-

ing up the wrist wrest area. The

Toughbook S9 can drop from as

much as 30 inches and will withstand

about 220lbs of pressure on its top.

Six ounces of liquid can also be

dropped on it. The laptop its self

weighs just three pounds.

1202 2,100

1203 2,050

1208 2,200

1209 2,250

1280 2,075

1616 2,350

1661 2,625

1650 3,250

1680 Classic 3,650

1800 2,750

2220 Slide 4,300

2330 Classic 4,450

2600 Classic 4,950

2690 5,300

2700 Classic 6,700

2730 Classic 7,900

3600 slide 12,900

3610 Fold 9,600

5030 3,025

5130 7,800

5220 10,400

5230 13,400

5233 12,200

5310 12,400

5320 14,900

5530 17,300

5630 17,200

5730 23,000

5800 21,700

6120 11,700

6220 Classic 17,900

6300 10,800

6303 11,300

6303i 10,700

6600 Slide 18,900

6600 Fold 19,000

6700 Classic 19,800

6720 Classic 20,200

6730 Classic 15,200

6760 Slide 18,800

7210 8,550

7230 10,750

7310 11,000

7510 14,000

7610 13,200

C1-00 3,200

C5 14,200

E5 21,300

E52 21,200

E55 23,000

E63 16,800

E66 20,000

E71 21,300

E72 27,500

E75 24,000

N78 19,800

N79 26,300

N82 26,000

N85 8GB 22,800

N86 31,500

N95 8GB 36,000

N96 36,500

N97 39,000

N97 mini 33,000

N900 39,500

X2 9,800

X3 11,900

X6 16GB 31,500

X6 57,000

T303 8,700

T707 16,800

W302 9,600

W380i 8,800

W350i 7,700

W395 9,700

W595 13,200

W705 19,000

W980 18,200

W902 43,500

W995 25,600

F305 9,400

S302 8,200

C510 12,700

C901 14,800

C902i 15,600

C903 16,100

C905 21,400

G502 14,500

G700 12,800

XPERIA X1 33,000

Aino 30,800

Jalou 17,300

U100 Yari 18,700

Satio Idou 38,700

B130 2,050

B200 2,600

B220 Guru 3,900

B300 3,600

B3210 CorbyTXT 9,700

B3410 12,000

B3410W Chat WIFI 13,400

B5722 15,400

B7300 OMNIALite 24,000

B7320 Omnia PRO 19,200

Guru B100 2,450

E1080 2,200

E1100 2,450

E1125 3,200

E250 5,200

D980 (Dual Sim) 20,300

J150 6,550

J700 7,550

M150 5,100

M200 6,200

M620 6,250

M3510 Beat b 9,200

M3710 Corby Beat 12,700

M7500 Armani 30,300

M7603 Beat DJ 32,000

M8910 Pixon 12 40,600

C3010S 5,700

C3053 6,000

C3212 8,000

C3303k Champ 7,600

C3510 Genoa 8,800

C5212 DUOS 9,800

S3310 7,900

S3653 Corby 10,600

S3653 WIFI 13,400

Star S5230 11,000

S5230W Star WIFI 12,300

S5350 Shark 12,000

S5550 Shark 2 14,500

S5560 Marvel 15,600

S5620 Monte 15,500

S7220 Ultra b 21,000

S7350 Ultra s 22,100

S8003 Jet 24,000

S8300 Tocco Ultar Edition 28,200

KP110 3,700

KP199 6,600

KP220 6,500

KP320 8,500

KP175 5,950

KG288 2,450

SYED ABUL ABBAS NAQVI

Nokia

Mobile Prices

Updated on 2 October, 2010

Samsung

Sony Ericsson

FlashDrives forKey chains

Super Talent has created the CKB

USB flash drive that has been designed

to attach to your keychain. Storage

capacities for the CKB starts at 2GB

and goes all the way up to 32GB.

Dimensions of the flash drive reveal it

measures 40mm x 25.9mm x 3.7mm

making it quite compact.Windoro the

Window CleanerWindoro's a pretty clever machine, it actu-

ally consists of two robots synced together

by neodymium magnets. Quite cleverly

Windoro uses water, detergent, and rotating

pads to clean the glass while navigating with

obstacle sensors.

LG

Shift GamingKeyboard

The SteelSeries Shift is a keyboard designed forgamers. The keyboard has the ability to switch thekey sets so that the combinations suit differentgames such as FPS, MMO and other types ofgames. As well as having interchangeable keys,the SteelSeries Shift keyboard also has program-mable keys as well as a microphone.

NOTE:

Always visit your local shop for the exact

Mobile Phone prices.

Score one for theBada. On its one-year anniversary,

Samsung Electronicsannounced that the numberof Samsung Apps down-loads for the operating sys-tem passed the 10 millionmark in Europe.

The milestone is signifi-cant, as the availability ofapps is becoming anincreasingly important fac-tor weighed by users intheir mobile phone buyingdecisions. Samsung Appswas launched in September2009 in European andAsian countries, includingthe United Kingdom, Italy,France, and Germany, andis now available in 34countries in Europe and109 markets worldwide.

The decision by theSeoul, Korea-based electronicsgiant to release its own propri-etary smartphone platform lastyear was seen as a questionablemove in an already crowdedsmartphone market. Badameans "ocean" in Korean.

The top three downloads forSamsung phones are the carracing game Need for SpeedShift; Magic Torch, whichtransforms a phone into a flash-light; and My Mirror, whichlets users view their reflectionsin a mirror.

The phone maker receivedother good news this weekwhen its first Bada-poweredsmartphone, the Wave, toppedone million in sales in Europe.

The device was launched lastFebruary and features a 3.3-inch Super AMOLED touch-screen, a 1GHz processor, a 5-megapixel camera with LEDflash, and Wi-Fi and Bluetoothsupport.

Samsung said more Bada-operated devices are plannedto further the popularity ofSamsung Apps, which offersgame, news, social network-ing, navigation, music,health, and other mobileapps. A user's specific phonemodel will automatically dis-play the application catalogfor that device, the phonemaker said. The Bada plat-form can also be found onsome Samsung TV sets.

Samsung BadaLogs 10 Millionth

App Download

Facebook is reportedlyworking with mobilehandset maker INQ

Mobile to deliver a customizedAndroid phone that's scheduledto debut in Europe in the firsthalf of 2011 and then in the US

Facebook confirmed only thathas a longstanding relationshipwith INQ and that the companybelieves social networking gen-erally enhances users' interac-tions with devices.

"While we can't speak for theirfuture product developmentplans, we can say that our view isthat almost all experienceswould be better if they weresocial," said a Facebookspokesperson in an e-mailedstatement. "Mobile integrationsthat we are currently working oninclude everything from anHTML5 version of the site toapps on major platforms to fullConnect support with SDKs todeeper integrations with somemanufacturers, like INQ."

Facebook's mobile presencehas been growing rapidly. InNovember 2008, the companysaid it had 15 million Facebookusers accessing its Web sitethrough mobile devices. Today,that number has risen to 150 mil-lion. The company says that over200 mobile operators in 60 coun-

tries are working to deploy andpromote Facebook mobile serv-ices.

What remains to be seen is theextent to which deeper Facebookintegration on Android phonessteps on Google's toes. Based onFacebook CEO MarkZuckerberg's comments in aTechCrunch interview,Facebook is still trying to figureout at which level of the comput-ing stack it should operate onmobile devices.

Zuckerberg says thatFacebook isn't pursuing its ownmobile OS, the bottom of thestack. But the company is likelyto experiment with integration atvarious higher levels: librariesthat provide social features to allapps on the device; applicationframeworks; mobile SDK sup-port for Facebook APIs; andsimple, stand-alone apps.

One area where Facebookmight seek to gain advantagewould be through the integrationof Facebook Connect, the com-pany's single sign-on API. Theidea would be that one'sFacebook identity would bedeeply linked to the device suchthat one's actions with the devicewould bring more data toFacebook to enhance its adver-tising business.

Facebook PlansDeeper Phone

Integration

The Motorola ES400Swill be the first enter-prise mobile handheld

device to be carrier-brandedand sold through Sprint, thecarrier said Wednesday. Thedevice is geared mainly atemployees who need a ruggeddevice and mobile access tobusiness-critical applicationsand back-end systems inindustries including fieldservice, field sales, healthcare, retail, utilities, manu-facturing and transporta-tion/distribution, Sprintsaid.

"With its compact sizeand access to advancedapplications leveraging theSprint 3G network,Motorola ES400S is abreakthrough enterprise-class device that can meetthe needs of business userswho are constantly seekingways to boost individualand team productivity," saidDanny Bowman, president,Integrated Solutions Group,Sprint, in a statement.

The ES400S runs onWindows EmbeddedHandheld technologiessuch as the WindowsMobile 6.5.3 platform, and

has application compatibilityand support for industry-spe-cific apps, along withadvanced security and devicemanagement mobility fea-tures, Sprint said. Other fea-tures include a 3-inch VGAtouch screen, a customizableMotorola Enterprise UserInterface (MEUI), which pro-vides one-touch access to

applications, a business-focused home screen, anenterprise camera application,a call management screen witha touch-friendly dial pad andaccessible device managementtabs.

The device also has a built-in biometric fingerprint read-er, a 3.2 megapixel camerawith red line aimer for bar-

code scanning and one-button push-to-scan forone- and two-dimen-sional barcode reading,Wi-Fi 802.11 a/b/g withenterprise security, 1gigabyte ROM/256 MBRAM, and CDMAEVDO Rev. A fordomestic service andHSPA/GSM for globalroaming. The device isVoIP-ready and comeswith GPS and a standard1540 mAh battery.

The MotorolaES400S will be avail-able at the end ofOctober and retailsstarting at $499.99along with a SprintBusiness AdvantageMessaging and dataplan or Everything planwith data.

Motorola ES400SEnterprise HandsetComing To Sprint

JD Power and Associates hasranked the Apple iPhone asthe number one smartphone

in customer satisfaction. On a1,000-point scale, the iPhonescored 810, getting kudos fromusers for ease of operation, oper-ating system, features and phys-ical design, JD Power found in arecent study. Coming in secondwas Research in Motion'sBlackBerry with a 741.

In more mainstream handsets,which typically don't havetouch screens or the rich featureset of smartphones, LGElectronics ranked highest in

overall customer satisfactionwith a score of 729. The compa-ny's handsets performed partic-ularly well in physical design,features and operation, the

study found.Following LG inrankings wereSanyo, 712, andSamsung, 703.

J.D. Power alsofound that customersatisfaction withsmartphones thathave touch screenswere 40 indexpoints higher than

with smartphones that usedother input methods, such as atext keyboard. Smartphoneswith touch screens scored 771.While touch screens on more

mainstream handsets are not asreadily available, those that hadthe feature scored 53 pointshigher than those devices with-out a touch screen. Touch-screen handsets in this categoryscored 756.

The study also found thatsmartphone users were nearlytwice as likely to share multi-media messages, such as video,with other people than users ofmore traditional handsets.Nearly a fifth of smartphoneusers frequently downloadedand watched video on thedevice.

Apple iPhone Ranks FirstIn Customer Satisfaction

Home entertainmentcompany PioneerElectronics Thursday

unveiled a line of Blu-ray 3D-enabled players with expandedonline connectivity Thursdayat the 2010 Custom ElectronicDesign and InstallationAssociation (CEDIA) Expo.

The line includes onePioneer-branded device andtwo models under its Elitelabel, which will have stream-ing content from partnersincluding Netflix, YouTube,and Pandora. Besides the newBlu-ray 3D players, Pioneer isalso debuting at the showiPhone-certified A/V receivers,iPhone/iPod docks, head-phones, Hi-Fi two-channel

audio components, and high-end speakers in is TAD and EXlines.

"We understand how impor-tant it is for consumers to beable to seamlessly connecttheir personal technologydevices to their home the-ater,'' said Russ Johnston,executive VP of home enter-tainment and business solu-tions group at PioneerElectronics USA, in a state-ment. "While we are certainlynot the least expensive, weare always pursuing our goalto be the best. Consumersshould not have to sacrificeconvenience for a qualityaudio experience."

The electronics company

makes audio and home theaterproducts including A/Vreceivers, Blu-ray and DVDplayers, and speakers. Pioneerdid not release pricing or avail-ability for the new players.While it also has a TV line,Pioneer has not yet launcheda n y

3D televisions, although any3D Blu-ray player can be con-nected to a 3D TV.

Also at CEDIA Expo, Sonyand Mitsubishi both displayednew 3D-capable home theaterprojectors using Sony's X-talReflective Display (SXRD)

technology to providefull high-definition, 3Dcontent. Sony's model,the VPL-VW90ES,comes with 3D shutterglasses and will beavailable in Novemberfor around $10,000.

Mitsubishi did not release pric-ing or availability for itsDiamond 3D 1080p projector.

The CEDIA trade show,which showcases electronicsystems for the residentialmarket, is being held in Atlantathrough Sept. 26.

Pioneer Unveils 3DBlu-ray Players

Mozilla SaysNo FirefoxFor iPhone

While providing anupdate about itsFirefox Home product,

Firefox reiterated that it is notdeveloping its Firefox browserfor the iPhone.

Mozilla said, "We are workingto bring as much of your Firefoxexperience as possible to FirefoxHome. People have asked aboutadding more browser-like fea-tures to Firefox Home, but thereare technical and logisticalrestrictions that make it difficult,if not impossible, to build the fullFirefox browser for the iPhone.We are focused on buildingFirefox Home as a rich, cloud-based application and making ita valuable product that peoplewill continue to love and use."

Earlier this month, Mozillaupdated Firefox Home for theiPhone. The new version ofMozilla's browsing-syncingapplication offers a handful ofnew features, including immedi-ate access on the iPhone to tabsthat were open on the desktop,Awesome bar support for fastersearching, faster access to book-marks, one-way refresh ofFirefox desktop history, and sup-port for Firefox Sync servers.

The application is meant tomake it easier for iPhone users totake their Firefox browsing ses-sions and all the relevant datawith them when using theiriPhone. The application alsosupports 16 additional lan-guages. It is free to download.

Sunday, October 3, 2010 7

GENEVA: Nestle's products are displayed at a press conference at the Swiss Federal Institute of Technology

(EPFL). Nestle announced it was setting up new health-oriented subsidiaries to exploit growing business

opportunities for foods that help with ageing and conditions such as heart disease.-Reuters

WASHINGTON: Lawenforcement officials are fight-ing a new war on drugs - thewar on prescription drugaddiction. They say that opiatepainkillers and other prescrip-tion drugs are to blame forcrime rate increases all aroundthe nation.

"Home invasions, robberies,assaults, homicides and thefts -all kinds of crimes are beinglinked to prescription drugs,"Maine attorney general, JanetT Mills, told the New YorkTimes. Addicts are resorting todesperate criminal behavior inorder to get their hands onthese drugs. Their primary tar-gets are the sick, the elderlyand anyone else who has thesepills sitting in their medicinecabinets.

In an effort to combat theproblem, the DEA coordinateda National Take-Back Day,which was held on Saturday,September 25th. Americanswere encouraged to bring theirold prescription medications tolocations throughout the coun-try for safe disposal.

While the Take-Back Daymay have helped to raise

awareness of the growingproblem of prescription drugaddiction, and may have put asmall dent in the number of oldprescription drugs sittingunused in homes, it did nothingto address the real problem -the overprescribing of BigPharma's highly addictivemedications.

If the average prescriptiondrug consumer is routinely leftwith extra, unused medicationafter taking a drug according totheir doctor's instructions, itseems to me that doctors areroutinely prescribing too muchmedication. And in doing sothey are lining Big Pharma'spockets and placing unneces-sary financial burden on notonly the consumer, but on ourentire health system, and nowit seems, our judicial systemand law enforcement organiza-tions.

A more effective approachwould be to examine the rea-son that people have so manydangerous medications lyingaround in their houses in thefirst place, and why so manypeople are addicted to them. Ifyou ask me, that reason is

obvious - these drugs are beinggiven out like candy.

I think it's a good sign thatthe DEA has publicly acknowl-edged the threat posed to pub-lic safety by an overabundanceof pharmaceutical drugs. Ihope it is a sign that our gov-ernment agencies are becom-ing concerned about the mon-ster that Big Pharma hashelped to create - a nation ofprescription pill addicts, someof whom it seems will stop atnothing to get the drugs theyare addicted to.

And it doesn't stop there. TheEnvironmental ProtectionAgency (EPA) is also lookinginto the potential negativeeffects of pharmaceuticalsreaching the nation's watersupply. Recent studies havedetected the presences of anti-depressants, birth control andpainkillers in municipal drink-ing water around the US.

The latest statistics indicatethat the nation's prescriptiondrug problem is worsening.The number of Americansseeking treatment forpainkiller addiction has risenby more than 400 per cent

since 1998, according to num-bers from the federalSubstance Abuse and MentalHealth ServicesAdministration.

Reports of adverse drug reac-tions have skyrocketed inrecent years, resulting in thedeaths of an estimated 20,000Americans last year. There aresome who believe that thisnumber may be even higher,due to selective misreportingof causes of death.

When will the madness end?When will our governmentagencies stop beating aroundthe bush and take Big Pharmahead-on? Or perhaps the betterquestion is: When will we stopallowing ourselves to be vic-timised by Big Pharma and themedical system that supportsit?

It's a complicated matter, andI'll be the first to acknowledgethat certain pharmaceuticaldrugs improve and save lives.However, I believe that if natu-ral solutions to pain and otherproblems typically were morereadily embraced, the issuewould begin to resolve itself.-Agencies

Drugs linked tospike in crime

W A S H I N G T O N :GlaxoSmithKline said onThursday that it was stoppingdevelopment of a genital herpesvaccine after it failed to protectwomen against the virus.

The US National Institutes ofHealth (NIH) said the test of8,000 women in the UnitedStates and Canada showed theSimplirix vaccine failed to pro-tect them significantly fromgenital herpes.

"The estimate of vaccineeffectiveness was 20 per cent,but all estimates have statisticaluncertainty, and this effect wasnot substantially different fromzero," the National Institute ofAllergy and InfectiousDiseases, an NIH institute, saidin a statement.

The Phase III trial, the laststep before regulatory approvalof a drug or vaccine, was spon-

sored by Glaxo at 50 sites in theUnited States and Canada.

"GlaxoSmithKline has madethe decision not to pursue fur-ther worldwide development ofSimplirix," the company said ina statement.

The women, aged 18 to 30, allstarted out free of infection byeither the herpes simplex 1virus that causes cold sores orthe related HSV-2, which caus-es genital herpes.

The researchers sponsored bythe NIAID followed the womenfor nearly two years to see ifthey became infected witheither virus in their day-to-daylives.

It had been a difficult trial toput together because both virus-es are very common.

Between 50 per cent and 80per cent of Americans areinfected with HSV-1, which

usually causes cold sores. Up to20 per cent of those over 12 areinfected with HSV-2, and morethan 1 million new cases ofgenital herpes are diagnosed inthe United States each year.

Genital herpes is sexuallytransmitted and can not onlycause painful and debilitatingoutbreaks of blisters, but it canalso kill newborns if passed onby the mother in childbirth.

The 8,000 volunteers hadbeen divided into two groups.Half got the vaccine againstherpes, which included animmune system booster calledan adjuvant.

The other half got Glaxo'shepatitis A vaccine instead.

Earlier studies had shown theherpes vaccine protected 70 percent of women whose sex part-ners were infected with thevirus.-Reuters

Glaxo’s vaccinefails in trial: NIH

USAID’s Zinc

Supplement

mobile centres

start workingISLAMABAD: Zinc supple-ments' mobile centres, initiatedby USAID to counter the men-ace of such endangering epi-demics like diarrhea havebegun their tasks. Welcomingthe initiation of these centers,the locals have demanded ofUSAID to continue these effec-tive and useful projects.

The POUZN Pharma partner-ship coordinator, Anjum Kazmiinformed that this project hadbeen initiated through ABBOTAssociates, and informed thatZINC supplements were aneffective antidote againstspread of diarrhea.

He informed that four phar-maceutical companies werecooperating with USAID proj-ect, which was initiated in alimited area, whence mobilevans were trying to protect 40small localities by endeavoringto safeguard 12000 children upto age five for five years.-Online

NEW YORK: Drug developer EndoPharmaceuticals Holdings Inc said it is buyingQualitest Pharmaceuticals for $1.2 billion in amove to diversify its business and strengthen itsposition in the generic and pain drug markets.

Endo said that 40 per cent of Qualitest's rev-enue come from pain products, making it a "nat-ural extension" of Endo's position. Endo alreadymakes the Lidoderm topical pain treatmentpatch and the pain treatments Opana andPercocet.

The buyout also adds a broad range of genericproducts to Endo's portfolio along with painproducts. The move comes as the companybegins to prepare for potential competition onLidoderm. Key patents on that drug are set toexpire starting in 2015, which could open up themarket for generic competition. Lidoderm hadsales of $196.1 million during the fiscal secondquarter ended in June.

Shares of Endo rose $2.75, or 9 per cent, to$33.36 in morning trading and earlier reached anew 52-week high of $34.26.

The purchase is the company's second acquisi-tion in two months. Endo expects to complete its$144 million buyout of Opana ER partnerPenwest Pharmaceuticals Co. by the end of theyear. Penwest has worked with Endo on OpanaER's development and marketing since 1997 andreceives royalty payments.

"The acquisition of Qualitest accelerates ourstated strategy of building a diversified healthcare company, better able to respond to thechanging economics that drive the US healthcare environment," said Endo President andCEO David Holveck in a statement.

Endo, based in Chadds Ford, Pa., said it willfinance the buyout with $500 million in cash,$300 million in existing credit, and up to $400million in new financing.

It plans to retain Qualitest's facilities inHuntsville, Ala., and Charlotte, NC, as well asits own facility in Westbury, NY The combinedcompanies will have about 3,000 employees.About 40 per cent of Qualitest's portfolio ofproducts consists of controlled substances, andliquids make up 17 per cent.

Qualitest is owned by funds advised by theprivate equity firm Apax Partners.

The deal will add about $400 million to Endo'srevenue, the company says, and about 40 centsper share in net income. The company reaf-firmed its 2010 outlook for adjusted net incomeper share between $3.30 and $3.35 on revenuebetween $1.63 billion and $1.68 billion.

The transaction is expected to close late in thefourth quarter or early in the first quarter. Lazardand J.P. Morgan Securities LLC are serving asadvisers to Endo and Qualitest, respectively.-Agencies

Endo Pharma paying$1.2bn for quality

including bar rooms and library and brutally beaten the lawyersresulting in injuries to many, including females.

The use of excessive force and resorting to high headedness andbrutality clearly violate the constitutionally guaranteed fundamen-tal rights i.e. right to life, liberty and dignity, says a press releaseissued by the Supreme Court of Pakistan.

Supreme Court has issued the notices to the Home Secretary,Punjab, Commissioner and DCO Lahore, PPO, Punjab, CPO,Lahore, DIG, Operations and concerned Superintendents ofPolice, through PPO, to appear in person and explain about theuntoward incident in which excessive force was used resulting ininjuries to lawyers including female lawyers. -Agencies

Continued from page 8No #1

increase the capacity of this government, the performance ofthis government. It will be important for a civilian government todemonstrate its value to the Pakistani people," Crowley said.

"The Pakistani people have made clear that they prefer civiliangovernment to dictatorship. But as to who ultimately runs thatcivilian government, that's a matter for the Pakistani people,"Crowley said.

He said that the Obama administration was in talks with the peo-ple across the Pakistani Government, including Army ChiefGeneral Pervez Kayani, ISI Chief General Pasha, PresidentZardari, Prime Minister Gilani, Foreign Minister Qureshi and oth-ers. -Agencies

Continued from page 8No #2

Furthermore, Federal Minister for Interior, Senator A RehmanMalik has directed DG, FIA and all the Zonal Directors to adoptzero tolerance policy on illegal human trafficking to save thename and prestige of the country.

He expressed these views while chairing a meeting to discusstwo important issues of national importance i.e. HumanTrafficking and Hawala Business. The DG, FIA, Zonal Directorand the concerned Deputy Directors were present in the meeting.

Taking strict notice of rising illegal business of human-traffick-ing the Minister has directed to the DG, FIA and all the ZonalDirectors to adopt Zero tolerance policy to save the name andprestige of the country. -Agencies

Continued from page 8No #3

the CIA. Pakistani officials have reported that at least 21 US droneattacks have killed around 120 people in September, the highestmonthly tally of attacks. The overwhelming majority of the attackstook place in North Waziristan, considered Pakistan's most notoriousbastion of al Qaeda-linked and Taliban commanders opposed to theUS-led war in Afghanistan. Most of the strikes have targeted theHaqqani network, one of the strongest US foes in Afghanistanwhose leadership is based in North Waziristan. -Agencies

Continued from page 8No #4

future strategy on this count will also be evolved.

Gen Ashfaq Parvez Kayani will take corps commanders into

confidence regarding Pakistan army stance on border viola-

tions and taking up this matter with US authorities. The out-

come of CIA chief visit to Pakistan will also be discussed.

Matters related to national security particularly war against

terrorism in tribal areas and relief and rehabilitation activities

of Pakistan army in flood hit areas will also feature in the

meeting. -Online

Continued from page 8No #5

"The situation is the same. The border is blocked forNato supplies," an official at Torkham, the main bordercrossing in Pakistan's Khyber district, told media by tele-phone.

A senior security official in the northwestern city ofPeshawar also confirmed that convoys were suspended forthird day but said negotiations to solve the problem contin-ued. "Long queues of trucks and oil tankers are waiting alongTorkham and in the adjacent areas for the reopening," theofficial at Torkham said. -Agencies

Continued from page 1No #6

The demand was accepted by Nato secretary general andISAF commander Gen David Petraeus. The probe team wouldto carry out an inquiry and hold talks regarding the attacks.Stern action will be taken against those involved in the crossborder attack.

The team of Pakistani army official which arrived in Kabulon Saturday morning held meeting with the high officials ofNato in Kabul and discussion pertaining to border violationswere exchanged to identify the elements that were involvedin attack and to ascertain the reason as despite warning fromsecurity forces of Pakistan why Pakistani check post wasattacked.

On the other side a spokesman of ISAF Lt Gen John Doreansaid that since from Thursday noon, Torkham border has beenclosed, however other passages were opened adding that theissue of closing border would be settled soon as supply con-voy has been very necessary for Afghan war and the officialsof ISAF and NATO were endeavoring to reopen the Torkhamborder. -Agencies

Continued from page 1No #7

US should equip Pakistan with drones instead of launchingcross-border attacks, he urged.

Continued from page 1No #8

at Muqam Mandi when some unknown gunmen opened fireat him killing him on the spot. His assistant also came under

Continued from page 1No #9

vehicle. The death toll in the two attacks reached 18," said one intelligence official. At least sixforeigners were killed in the first strike.

There was no independent confirmation of the attacks and militants often dispute official deathtolls.

A large number of Arab, Chechan and Central Asian insurgents have taken shelter with Pakistanimilitants in the lawless tribal regions on the Afghan border after fleeing the US-led war inAfghanistan in late 2001.

Militants in Pakistan set fire to three dozen tankers carrying fuel for NATO troops in Afghanistanon Friday, officials said. The Taliban claimed responsibility for the attack. -Agencies

Continued from page 1No #10

The ministry has prayed the court to explain the said article and clarify whether or not the sen-tences waived by the president could be restored. It also appealed the court to hear the petition withNRO review case. Reports said registrar of the apex court returned the petition with objection thatit's a separate plea which can't be heard along with the NRO review case.

President Asif Ali Zardari on May 18, 2010 pardoned Federal Interior Minister Rehman Malik sen-tenced over corruption to block his possible arrest.

Malik, one of the closest allies of Pakistan's head of state and a key member of his ruling party,was sentenced in absentia to three years in jail by an anti-corruption court in January 2004.

Malik, who was abroad at the time of the conviction, appealed against the verdict but a court inLahore had rejected his plea and cancelled his bail.-Agencies

Continued from page 1No #11

Governor State Bank of Pakistan and stressed upon them to complete their homework regardingthe economic review before the next IMF meeting due to be held in late November.

It is pertinent to mention that to include any issue in the IMF Board of Directors meeting it isrequired to furnish the details at least ten days before the meeting, and it is feared that due to Eid-ul-Azha holidays, Government will not be able to complete its economic review therefore it couldbecome the part of IMF Board of Directors meeting thus push the next tranche further.

Continued from page 1No #12

question of just money," Miranda said in a telephone interview. "My biggest worry is that thereform agenda gets derailed. That we lose momentum."-Reuters

Continued from page 1No #13

being raised in support of the PML-N and the PPP at one place, he said.The PM said that he had visited Kot Addu for distribution of Watan cards on the invitation of Chief

Minister Mian Muhammad Shahbaz Sharif and added that the reconciliation policy improved effortsof the government in providing relief to affected communities. -Agencies

Continued from page 1No #14

fire and died.Dr Muhammad Farooq Khan was a recognised writer, columnist, and intellectualthroughout the country.

He is also known as a religious scholar and competent TV compare.He established his private practice in Mardan. Some of his works include "Pakistan and the Twenty

First Century (Urdu)", "The Struggle for Islamic Revolution", and "What is Islam". God hadbestowed upon him the quality of presenting his propositions in simple language and clarity of style.Meanwhile President Zardari and Prime Minister Gilani have strongly condemned the brutal murderDr Farooq Khan.

While reiterating the government's determination to fight terrorism both leaders have expressed theirheartfelt condolences with the bereaved family and prayed to Allah Almighty to rest the departed soulin peace and grant courage to the members of bereaved family to bear this irreparable loss. -Agencies

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LAHORE: United States Ambassador to Pakistan Anne W Patterson calls on PML-N chief MianMohammad Nawaz Sharif here at his residence. -Online

LAHORE: Lawyers in Lahoredefied section 144 for the second dayas they clashed with police on Mallroad on Saturday.

The Lawyers had gathered insidethe Aiwan-e-Adl for a meeting of thePunjab Bar Council and Lahore BarAssociation.

Lawyers threw stones on policemenand were seen damaging police vehi-cles. Policemen were brutally man-handled by some lawyers, as somewere dragged out of police mobilesand beaten up.

The lawyers also tortured mediapersonnel covering the event. Cameramen and reporters of various newschannels and papers were reportedlyinjured as a result.

Police in response resorted to batoncharge and aerial firing to dispersethe protesting lawyers. Severallawyers and policemen have beenreported to have gotten injured in theclashes.

On Thursday, lawyers attacked theLahore chief justice's chamber and

several dozens were arrested onFriday when they insisting on takingout a rally despite the imposition ofsection 144 on The Mall. No actionhas been taken against lawyers whowere arrested on Friday.

Chief Justice Iftikhar Muhammad

Chaudhry took suo moto notice of theclash and the manhandling of thelawyers by police.

The action was taken on the reportsof the print/ electronic media, thepolice entered the court premises

See # 1 Page 7

Police, lawyers ateach other’s throat

CJP takes suo moto notice of Lahore incident

Advocates also torture media men

WASHINGTON: A top US militaryofficial has said the militant outfits areseeking global reach, though the Pak-border areas remain the "epicenter ofterrorism".

"The reason we're focused onAfghanistan and Pakistan is that livingin that border area are terrorists fromvarious organisations and it's becomethe epicenter of terrorism in the world,"Admiral Mike Mullen, Chairman of theJoint Chiefs of Staff, said in a speech atthe Texas A&M University.

"Several of those organisations, inaddition to al Qaeda, now have globalaspirations and are moving to a point ofhaving global operational capacity. Andthey threaten us very specifically - the

United States, Western interests, ourEuropean friends," Mullen said.

Keeping the pressure on the terror-ist organisations now is critical, hesaid, adding that such measuresinclude improving governance, edu-cation and economics in countrieswhose young people are becomingpart of such groups.

"I don't think we can kill our waythrough this. I think those conditionshave to change and that's a long-termchallenge. That's not going to happenovernight. But together with othercountries -- responsible global powers-- we can make significant progressover time. That's the long-termanswer," he said. -Online

Pak border areastermed terror hub

Several outfits there now have global aspirations: Mullen

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Nawaz Sharif saidthat drone attacks are straining Pak-USties and no one would be allowed to hitthe country's sovereignty.

He expressed these views in his meet-ing with US ambassador to PakistanAnne W Patterson on Saturday.

According to media reports, the twodiscussed flood aftermath and the cur-rent situation in the country.

The US ambassador ensured her fullcooperation with Pakistan in all fields.Patterson lauded Punjab government'sperformance during flood situation.

Nawaz Sharif said that the droneattacks are putting negative impact onPakistan. He said that America shouldform policies keeping in view the serv-ices rendered by Pakistan for America,added Pakistan has sacrificed more thanany other country in the war against ter-rorism.

He said that Pakistan played vital rolein war against terrorism while Americashould help Pakistan to tackle withflood.

Nawaz Sharif also expressed his con-cerns over the Nato attacked insidePakistani territory. -Online

No compromise onsovereignty: Sharif

Patterson meets PML-N Chief

KARACHI: Interior Minister RehmanMalik said on Saturday that severalcases are registered against former pres-ident Pervez Musharraf, adding if hewants to come to Pakistan then he willhave to face cases.

Interior minister said this whileaddressing a press conference here inthe office of National CrisisManagement Cell.

He held General Musharraf did notbring NRO for PPP and he could onlytell as to why he had promulgated it.Musharraf should clarify in the courtthat why he promulgated NRO at theadvice of his friends and the questionson NRO should be asked fromMusharraf.

Interior Minister also informed thatthere had not been any deal struckbetween Benazir Bhutto and Mian

Nawaz Sharif, however both the lead-ers entered into negotiations forrestoration of democracy in the coun-try as even at that time Benazir Bhuttohad talked of 'no deal' and hinted atreturning to Pakistan and facing thecases.

If there had been any sort of dealbetween Benazir Bhutto and PervezMusharraf she would not have facedcases on her return to the country, heremarked.

Responding to a query, Interior minis-ter said that a number of cases were reg-istered against Pervez Musharraf anddespite it if he wanted to return toPakistan he would have to face thecases. "When Musharraf comes toPakistan then we will think about hisarrest", he told.

See # 3 Page 7

Several cases awaitMusharraf: Malik

Special envoy to go US for Aafia issue

WASHINGTON: The US military issecretly diverting aerial drones fromAfghanistan to escalate a CIA-led cam-paign against militants in neighboringPakistan, the Wall Street Journal report-ed Saturday.

The military has lent Predator andReaper drones to Central IntelligenceAgency operatives to target and bombmilitants on the Afghan border, thereport said, citing unnamed US officials.

CIA drone strikes in September inPakistan rose to an average of five perweek, up from an average of two orthree per week, the Journal said.

Increased strikes in September werepartially aimed at disrupting a suspect-ed terror plot against European targets,which was believed to target multiplecountries, including Britain, France andGermany.

Unnamed US officials told the paperthat a successful terrorist strike againstthe West coming from Pakistan couldresult in US forces taking unilateralmilitary action. According to theJournal, factories cannot produce aerialdrones fast enough to satisfy theincreased demands of the Pentagon and

See # 4 Page 7

CIA steps up dronedrives in Pak: WSJ

Powerdeficitreaches5kMW

KARACHI: Power crisis hasworsened, as supply-demandgap widens by 5000MW acrossthe country, media reportedSaturday.

This has led to increasedload-shedding in all the smalland big cities of the countryincluding Lahore, as the con-cerned authorities appear tohave failed in overcoming theshortage.

Pepco's weak financial condi-tion besides failure to makepayment for furnace oil andshortage of water and gas hasbrought the total generationdown to 11,900-MW againstthe current demand of 15,977-MW.

According to sources, power-houses at Faisalabad, Hubco,Kot Addu, Rosh and SouthernElectric have shut down.

As a result 8 to 10 load-shedding is being carried outin cities while in villages thesuspension of power supplyhas reached for up to 18hours. -Agencies

Osama urgesMuslims tohelp Pakflood-hits

DUBAI: Osama bin Ladencalled on Muslims around theworld to mobilise to help vic-tims of floods in Pakistan inwhat purported to be the secondinternet message from the alQaeda leader in two days.

In the 13-minute audiorecording, issued on websitesSaturday with a video showinga photograph of bin Laden andimages of natural disasters, thespeaker who sounded like binLaden said the wealth andresources of Muslim countriesshould be used for relief opera-tions in Pakistan.

On Friday, al Qaeda's mediaarm Al-Shahab issued an 11-minute audio recording inwhich bin Laden criticisedrelief efforts in Pakistan andcalled for action against cli-mate change.

The production date given forSaturday's message was theMuslim lunar month whichbegan around September 10,while Friday's tape was said tohave been produced in the pre-vious month. -Agencies

Khawaja Sharif, Aitzazentry banned in Lahore BarLAHORE: Punjab Bar Council has imposed ban on entry of Chief JusticeLahore High Court Khawaja Sharif, Aitzaz Ahsan and others important per-sonalities in Lahore Bar while President Lahore Bar has unanimouslyapproved the resolution in this regard.

According to media reports, Punjab Bar Council has banned the entry ofChief Justice of Lahore High Court Khwaja Muhammad Sharif in LahoreBar, while the other banned lawyers include former president SupremeCourt Bar Association Aitzaz Ahsan, Hamid Khan and President SupremeBar Kazi Anwar, Justice Nasira Javed Khwaja Sharif's sons and son-in-laws.

The imposition of ban on the lawyers has been decided during the meet-ing held at Punjab Bar against lawyer's arrest.

It is pertinent to mention that during the meeting it was announced to can-cel the licenses of banned lawyers. -Online

White House sees no Army rule in PakWASHINGTON: Amidst reports of an eminent military coup or dislodging of present government by President Asif AliZardari, the United States expressed hope that Pakistan will stick to democracy and there will be no Army rule once again.

"We believe that the government of Pakistan is committed to democracy and to the preservation of civilian lead-ership, obviously which we believe is tremendously important," White House spokesman Robert Gibbs toldreporters. In response to a question, Gibbs said, "We will continue to work with our ally in ensuring we can dowhatever is possible to assist them in their fight against those extremists that, again, not just threaten us, but threat-en the existence of their own government in Pakistan". Noting that Pakistan is located in a dangerous neighbor-hood, the spokesman said everybody understands the concerns that the US has and now the concerns that thePakistanis have in dealing with extremists in lawless areas. "Pakistan is an important strategic partner and a keyally to the United States," Gibbs said.

he US is working with the civilian government to enhance its capacity," State Department spokesman PJ Crowleysaid."We support civilian government in Pakistan. We are working with Pakistan to See # 2 Page 7

Corps Commandersmeet next wk

ISLAMABAD: CorpsCommanders meeting has beenconvened next week to reviewthe security situation arisingout of Nato strikes insidePakistan territory.

According to a private TVchannel and defence sourcesarmy chief Gen Ashfaq ParvezKayani will preside over themeeting.

Over all security situation ofthe country and situation whichhas arisen out of Nato helicop-ters strikes inside Pakistan ter-ritory will come under discus-sion in the meeting and a

See # 5 Page 7